Why Telcos Need to Enter the FinTech Arena
Financial technologies were the most surprising rising star of the last decade. Digitalization transformed many things, but almost nobody expected the financial climate to enter a new era so quickly.
Another surprising element of the FinTech industry was the regions that adopted mobile financial technologies first, before the leading countries.
The two sides of the rapid FinTech transformation took their own unique routes and, in the developing countries, telecommunications companies were leading the mobile financial revolution.
In this paper, we are going to focus on the financial revolution that came from an unexpected industry: telecommunications!