Payment failures threaten trust in Africa's fintech sector, says Belema Fintech CEO

Speaking at the Nigerian Fintech Forum, Adesola urged stakeholders to prioritize infrastructure strength over user growth and transaction volumes. He highlighted that the rapid expansion of fintech across Africa is straining payment infrastructure, leading to transaction failures that erode customer confidence. Adesola emphasized that customers are primarily concerned with whether funds reach their intended recipients, regardless of where a breakdown occurs in the payment chain.

He stressed that resilience must be an inherent part of fintech infrastructure, not an afterthought, and called for stress-testing systems, building redundancy, and strengthening interoperability. Adesola also underscored the importance of collaboration among industry players to ensure financial system stability. He concluded that the success of Africa's fintech future depends on consistently delivering on the fundamental promise of digital finance: reliable, secure, and timely movement of money.