FinTech for Digital Financial Services

Abstract

The introduction of FinTech into Africa's digital financial services environment has provoked a controversy as to whether the innovative technology should be assimilated by banks and other financial service providers or not, thus creating uncertainty about the future of FinTech on the continent. This chapter, therefore, examines the issues, controversy, and problems surrounding the debut of FinTech and suggest ways to make the technology acceptable in order to harness its potentials for the overall benefit of the African society.