HomeAfrican NewsAfricaCom 2022: Huawei launches transformative fintech offering to revolutionize mobile money

AfricaCom 2022: Huawei launches transformative fintech offering to revolutionize mobile money


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Huawei last week announced the launch of an innovative fintech offering, which is set to revolutionize mobile money in Africa, with the goal of increasing financial inclusion and greatly improving the consumer’s digital user experience.

Called Fintech 2.0, the product was announced at AfricaCom, Africa’s largest technology gathering.

The solution will also enable micro, small and medium-sized enterprises (MSMEs) to digitally transform and provide service providers with greater business agility. By doing so, Huawei believes it will accelerate industry innovation and digital financial inclusion in emerging markets.

Fintech 2.0 brings value to mobile fintech operators through an extremely digital experience, accelerated innovation, and accelerated time to market. In terms of digital experience, the digital architecture of the solution enables operators to ensure that the overall experience is tailored to every aspect of each customer’s life and combines simple and fast payments and loans.

Furthermore, it enables accelerated innovation by simplifying application development for MSMEs. Developers can reuse available industry assets, including templates and custom components, to quickly build service applications, using the best visual tools and with minimal coding.

Meanwhile, the open ecosystem of Fintech 2.0 allows operators to bring applications to market faster. By bringing together API, H5 and applet technologies, it ensures that partners can launch the service in a super app in one week and take marketing campaigns from idea to launch in three weeks. With a cloud-native platform, the solution supports containers/microservices, autoscaling and graying, and enables software upgrades within days.

“We are pleased to announce the launch of Fintech 2.0 at AfricaCom,” said Bryan You, Huawei Director of Southern Africa Software Solutions and Marketing. “Huawei continues to invest heavily in Fintech research and innovation, creating solutions to help address global challenges and support anticipated future developments.

“Huawei’s Fintech solution uniquely combines the strengths of agile business development, rapidly scalable platform, financial-grade security and regulatory compliance, and ultimately accurate real-time risk control, to securely accelerate the digital financial inclusion, enabling access to growing digital economies for every person. and organization,” he added.

Currently, Huawei’s Fintech solution serves more than 400 million users in more than 20 countries. Through contactless online payment, the solution has helped reduce the economic impact of the pandemic and, in many countries, helps governments provide subsidies to tens of millions of citizens and educational allowances for millions of students. It has also helped create hundreds of thousands of jobs for women and provided financial services such as microcredit to those who need it most.

Fintech 2.0 aims to build on this legacy and help provide secure, stable and reliable platforms to ensure the security of mobile financial businesses. Through the use of advanced platforms and connectivity, Huawei hopes to help financial institutions develop digital business processes, implement digital financial inclusion services, and achieve sustainable financial development.

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains—telco networks, IT, smart devices, and cloud services—we are committed to bringing digital to every person, home, and organization for a fully connected, intelligent world.

Huawei’s comprehensive portfolio of products, solutions, and services is competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our clients, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation is focused on customer needs. We invest heavily in basic research, focusing on technological breakthroughs that drive the world forward. We have more than 180,000 employees and operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company wholly owned by its employees.

For more information, please visit Huawei online at www.huawei.com or follow us on:






You can also find Huawei Southern Africa on Twitter at Huawei SAR


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