AlphaCode isthe Rand Merchant Investment Holdings (RMI) incubation, acceleration, and investment initiative that identifies, partners, and grows early stage financial service ventures.
Here are our predictions for the financial services market for 2020 based on what we’ve observed globally and locally with our members.
Even though international investors are somewhat wary of putting money into South Africa currently, there are enough dynamic local players to fund projects with deals certainly starting to flow through. This is a tremendously exciting sector to watch.
While coque huawei p8 lite lion 2019 saw the introduction of consumer digital banks mous coque iphone such asTymeBankandDiscovery Bank; in 2020 the focus will turn towards the SME market.
Following its R3.56 billion takeover of Mercantile Bank earlier this year,Capitec Bankhas shown that it views the SME and entrepreneurial sectors as providing significant growth opportunities. We expect them to do for SME banking in 2020 what they did for consumer banking over the last decade.
Bank Zerowill also be launching, and it will be coque iphone 5s qui va sous lot coque huawei p8 lite 2017 l eau interesting to watch coque iphone 5se disney how this digital bank will put more pressure on the incumbents to innovate.
FNB has already responded to the influx of digital SME banks with the launch of itsFirst Business Zeroaccount. Designed for digital savvy sole proprietors, this account provides zero rated account fees to entrepreneurs and includes unlimited free card swipes.
Mobile magasin de coque iphone point of sale (mPOS) players likeYocoandiKhokhaare also making further inroads in the SME market with more than 100000 small businesses already part of their payment network.
Stokvels have become coque iphone coque bague huawei p8 lite 6 avec rabat an integral part of South African society. A community of people serving as a vital savings scheme, stokvels illustrate the importance of how we relate to one another when it comes to money. Insurers likeSanlamare working with the National Stokvel Association of South Africa (NSASA) to offer financial services products coque iphone 11 apple to their base. Arguably, it functions as a co op that negotiates good deals on coque iphone victoria secret behalf of its members. This can include anything from discounts at a retail store to more affordable insurance products.
There is alsoPPSwhich has been around for some time. It provides financial services to professionals such as doctors, accountants, lawyers, and engineers. By segmenting its product offering and coque iphone personnalisé 6 focusing on a niche, it puts professionals together in a risk pool. This enables the members to benefit from more affordable premiums. This shared finance trend coque iphone xr fnac can create an opportunity to grow.
Then, theKinapp is designed to track shared expenses and get paid. Whether people are living in digs together or a few friends are planning a trip abroad; Kin lets members track shared savings goals and expenses like a WhatsApp for coque iphone 6 silicone animaux money. This secure service manages all the coque iphone 5s original pas cher key elements of the payment process, and is likely to prompt quite a few discussions around the communal side of money in 2020.
Bitcoin will coque iphone 5e be making a welcome return to prominence this year. We have always said that the best use case for Bitcoin is in an emerging market. Typically, such a country would have political coque huawei p8 lite 2017 fille instability, a volatile market, high exchange controls, and expensive money transfers all coque iphone 6s transparente silicone areas where cryptocurrencies can deliver significant disruption.
With this in mind, 2020 will put the focus back on the decentralised money discussions that were rife when Bitcoin first appeared. Today, the major difference is that the spotlight is firmly on Africa.
We are watchingCentbee which recently launched its Minute Money remittance solution. This uses Bitcoin SV to make cross border payments to support family easily and more affordably.
Lunohas continued coque iphone chantier to cement its position as a dominant emerging market crypto currency platform with its relaunch in Malaysia and continued expansion into other African countries. This strategy is targeted at drivers under 25 who have coque huawei p8 lite mario had to deal with loaded pricing. Now, if these members drive well, the telemetry data will be used to improve and more fairly calculate their premiums.
Lumkaniseeks to address the challenge of fires in informal settlements and townships with a sensor network of early warning systems. This has resulted in a partnership with Hollard to introduce affordable shack insurance for fire cover.
Taking this a step further,Sensor Networksis working with Sanlam, Nedbank, and Standard Bank to deliver smart insurance to customers. This uses smart sensors in people’s homes to provide an early fault and fraud detection system that allows for automated coque huawei p8 lite liquide logging of faults and the easy coordination of assessment and technical repair teams. Everything from geysers to security cameras and fire detectors are linked to the network.
Without doubt, 2020 will also see a focus on expanding financial inclusion in Africa. Companies likeSelpal,FlashandNomaniniare making it easier for informal traders to sell their products. These innovators bring alternative distribution channels to informal communities that easily connect merchants to suppliers and customers.
Zandeprovides trade and merchant finance to spaza shops to enable stock purchases. It offers brands in bulk at a lower cost with goods delivered to spaza shops within 24 hours of being ordered.
Spoon Moneyis a group based micro working capital finance platform for female informal traders. This platform enables them to access credit to support their businesses and create more sustainable and predictable income.
Another one to watch isuKheshe. This micro transaction coque iphone psg platform generates a QR code for street vendors and even car guards to use. People simply useZapperorSnapScanto pay them instead of having to worry about carrying change. It has proven to be the ideal way to digitise these micro payments.
These solutions are having a real impact on the lower coque iphone 6 bois gravé end of the market in a commercially sustainable way. Importantly, they are African solutions to solve Africa’s specific challenges.
A big area to watch in 2020 will be the proptech sector. For example,Jamiiis creating a reward system for tenants where landlords can better incentivise their behaviour.
HouseMeprovides a tech enabled platform for better rental management. coque iphone x fnac It does for rentals whatLeadhomehas been doing for the property sales market. However, Leadhome has pivoted and launched a rental service.
Innovators are quickly waking up to the fact that the local real estate market is highly fragmented and is one that can be improved and empowered with technology. When house prices are low and in a buyers’ market, people cannot afford to pay high commissions to agents. This is where proptechs will start dominating.
Coming to the market soon isIsiDuli. This is the AirBnB of the township market. It gives township dwellers the opportunity to create income from their land by providing financing coque iphone 6 pour homme to build a backyard room that can be rented out…