Qore CEO on innovative solutions driving Africa’s financial inclusion
Qore, a Banking-as-a-Service (BaaS) platform, is driving Africa's payments landscape with its innovative, cloud-native solutions. As the financial services ecosystem across the continent evolves, CEO and Co-Founder Emeka Emetarom joined CNBC Africa's Tabitha Muthoni to discuss how African startups can build reliable infrastructure that can scale beyond their home countries.
Tue, 04 Mar 2025 10:16:42 GMT
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AI Generated Summary
- Trust and local partnerships are essential for scaling African startups across diverse markets
- The future of payment systems in Africa is poised to transition towards blockchain-based payments and digital currencies, promoting inter-Africa trade and reducing dollar dependency
- Addressing the financial accessibility gap requires innovative approaches such as tiered account structures and agent banking strategies, alongside robust identity management solutions
Qore, a Banking-as-a-Service (BaaS) platform, is at the forefront of revolutionizing Africa's payments landscape with its groundbreaking, cloud-native solutions. In a recent interview with CNBC Africa, CEO and Co-Founder Emeka Emetarom shed light on how African startups can establish robust infrastructure capable of scaling beyond their local borders. Emetarom highlighted the challenges faced by fintech companies in Africa, emphasizing the importance of trust, local partnerships, and overcoming resource constraints. He also delved into the future of payment systems in Africa, foreseeing a shift towards blockchain-based payments and digital currencies that will foster inter-Africa trade and reduce dependency on foreign currencies. Moreover, Emetarom discussed the critical issue of financial inclusion and outlined innovative approaches to bridge the accessibility gap, such as tiered account structures and agent banking strategies. To address infrastructure challenges and differentiate Qore in the competitive fintech market, Emetarom detailed the platform's comprehensive solutions that cater to various financial institutions, providing a one-stop shop for technology needs and empowering clients to innovate and adapt to market changes efficiently.
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