FINTECH INSIDER: Virtual Cards Driving Africa's Economic Potential | Julius Abuje - PAYMENTOLOGY
Description
Welcome to another episode of My Tech Story Africa!ποΈ Today, we have an incredible chat with Julius Abuja, the New Business development lead at Paymentology for the Sub-Saharan region.
Our host, Alice Kanjejo, explores Julius's amazing journey from medical research in biotechnology to joining the banking sector, being part of the founding team at Peach Payments, and now working at Paymentology. Julius shares his experiences, giving us great insights into the world of financial technology in Africa.
Juliusβs story started in medical research but shifted to fintech because he wanted to solve real-world problems. At Peach Payments, he helped make a payment service provider (PSP) work well in Kenya, tackling the big issue of payment delays. His work led to three banks supporting Peach Payments, showing how important it is for banks and fintech companies to work together.
He discusses the pressure on banks to team up with fintechs. As the financial world changes quickly, traditional banks see the benefits of partnering with innovative fintech companies to improve their services and stay competitive. Julius explains how Paymentology works with banks across Africa, helping them issue cards and make financial services more accessible. This is vital in Africa, where every market has its own unique challenges and opportunities.
Julius also shares valuable advice for those looking to make it in fintech. He believes success comes from understanding problems deeply before finding solutions. "Payments are just problems. The answer is not in the solution; the answer is in the problem. To have an answer, you must have a question," he says. This approach drives innovation and effective solutions in fintech.
Watch the full episode now to gain insights into the hurdles and opportunities that lie ahead in Africa's quest for financial inclusion.
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