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Fintech sector disruptor Cassava aiming for good returns in shift from physical to digital assets
Globally there has been a change in industries that are leveraging technology to achieve returns. This is the phenomena from the shift of physical assets to digital ones. Zimbabwe’s technology company Cassava Smartech may yield good returns on this system. Batanai Matsika, Head of Research at Morgan & Co joins CNBC Africa for more.
Mon, 13 Jan 2020 11:35:09 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Cassava Smartech leverages innovative solutions aligned with global technology trends such as mobile money and digital banking.
- Challenges like disposable incomes and infrastructural limitations in Zimbabwe present obstacles to the company's growth.
- The company's approach to clean energy, reliance on gold investments, and adaptation to currency reforms showcase its adaptability in a dynamic market.
Zimbabwe's technology company Cassava Smartech is making waves in the fintech sector, aiming for good returns amidst a global shift from physical to digital assets. The company, formed after a restructuring of the equivalent group, is at the forefront of offering innovative solutions such as mobile money, digital banking, and other groundbreaking initiatives aligned with global trends in technology. These initiatives include Echocash, a disruptive mobile banking service, a ride-hailing service similar to Uber, and a messaging and payment platform named SaaSai, akin to WeChat. The scalability of Cassava Smartech's model holds promise, although challenges like disposable incomes in the region may pose obstacles. The company's ability to adapt to market demands and leverage technology positions it well for success in the digital age.
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