In Africa, a lot of people do not have a local identity to pass Know Your Customer (KYC). The World Bank estimates that 57% of Africans still don’t have a bank account of any type, including a mobile money account, as Africa accounts for half of the people in the world that have no means of identification.
Egyptian fintech Flash, raises $6 million seed round to revolutionise cashless payments after securing Central Bank of Egypt approval as technical payment aggregator in partnership with Banque Misr