Before the iPhone even had a copy-paste function, millions of Kenyans were banking on their phone. Mobile money, real-time payments, crypto, and even BNPL were all emerging market financial innovations before landing in the developed world. TEN13’s Alex Barrat looks into the recurring theme of FinTech being built in all corners of the globe, decades before Silicon Valley adopts the ideas.
Australians have largely been an innovative bunch. Inventors of both plastic banknotes and WiFi, we’ve been at the forefront of innovation in money and tech. As such, you’d think the national financial infrastructure would be world-leading too.
Yet, it was only in 2018 that Australians could finally transact with real-time payments (RTP), after the NPP was launched. Just 5 years ago, it would take days to settle a $5 transfer.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.