July 1, 2019
At MEDICI, we strive to bring you the very latest trends in FinTech, throughout the year. If you’ve been looking at our content, you’ll know that Mondays are ‘Infographic Day’ at MEDICI, as we bring fascinating insights to life through our informative, instructive and colorful charts, tables and graphs.
Caught up with our research, we barely noticed that half the year has already gone by, and we have only six more months to yet another great year for FinTech. So today, we thought we’d bring you a roundup of some of the most popular Monday articles we’ve put out so far. How are these the most popular? We made our selections through a carefully-evaluated ranking system, on the basis of page-views, social media impressions and engagement, and numerous other factors. Without further ado, here are MEDICI’s Top 3 infographics by popularity, since the beginning of this year:
1. The FinTech Story of WeChat
Published on Feb 19, 2019
WeChat is ubiquitous in the FinTech space and beyond - everyone is aware of the messaging app, one of the top 5 globally, and the services it offers. These include, but aren’t limited to chat, wallet, and third-party services. In our article on WeChat, we wanted to explore the company’s turnaround story, from its beginnings in 2014 (when it launched the red envelope feature allowing users to send digital cash to their family members, friends, and users) to how WeChat Pay came to be used across various currencies (18) and countries (49).
2. A Growing Trend of Consumer Internet Companies Entering Financial Services
Published on Feb 4, 2019
Consumer internet companies have ruled the smartphone era over the last decade and a half. Now, many unicorns in this space are attempting to ease financial services to aid their core commerce layer. In this article, we provided an insight into Unicorns from the consumer internet space, which encompasses all B2C internet/mobile companies that have emerged in the last 15 years - predominantly in e-commerce, food, transportation, and media/social media among others. We then tracked their activity in terms of providing financial services to consumers.
Published on Feb 25, 2019
M-Pesa was launched in 2007 by Vodafone and Safaricom, in a geography with one of the lowest banking penetration rates in the world. This changed how transactions were conducted. How? M-Pesa required no 5G or internet connectivity; it operated through simple text messages, and a dedicated PIN helped millions of users to send money, recharge their mobile phone talktime, pay bills, and send remittances. In this article, we highlighted the geographies M-Pesa is active in, along with a look at the system’s rate of transactions (transactions per second), the total number of agents, and the active user count.