Why fintechs may need to rethink their obsession with growth
- Adejuwon Oyebanjo stresses the importance of profitability in fintech rather than growth at all costs.
- He argues that many fintech companies expand into new markets without understanding local regulations and consumer behavior.
- Oyebanjo highlights the challenges of cross-border payments, particularly the need for different payment systems to work together.
The fintech industry must shift its focus from mere expansion to creating sustainable business models that address real economic issues. As the landscape evolves, companies should prioritize understanding local markets and regulatory environments to build effective cross-border payment solutions.
