Financial Technology (FinTech) is rapidly reshaping the remittance landscape in Southern Africa by enabling digital transfers and mobile money services that are speedy, efficient, secure, accessible and importantly, more affordable than conventional banking systems. This presentation critically examines the benefits and drawbacks associated with fintech and digital remittances within the broader framework of financial inclusion. Drawing on a case study from one of the Southern African vibrant routes, particularly the South Africa–Zimbabwe migration and remittance corridor. This presentation highlights how digital and mobile-based fintech solutions are extending financial technology services, such as cross-border remittances (cash and in-kind, including food), digital transactions, mobile money transfers and artificial intelligence (AI), to unbanked and marginalised populations. The case study highlights the potential of fintech to enhance economic resilience and support adaptation strategies, particularly among migrant communities and beneficiaries of remittances. The talk argues that when fintech innovations and digital technologies are based on inclusive and effectively regulated financial ecosystems, they can promote policies that are equitable and sustainable, thereby enhancing financial inclusion strategies throughout the region.
About the Speaker:
Dr. Sean Sithole is a Scholar at the Balsillie School of International Affairs (BSIA) and a Postdoctoral research fellow at the University of the Western Cape, researching under the MiFOOD network projects, supported by the CIHR, SSHRC, and NFRF, on the COVID-19 pandemic, migration, remittances, food security, and climate adaptation. He has coordinated research on the Sustainable Development Goals (SDGs), climate change, and migration, and is also involved in journal reviewing, postgraduate lecturing, and supervision. Sean’s research and collaborative work have been supported by or conducted with organisations such as SIHMA, Stats SA, United Nations agencies, and the European Commission. His research interests include digital remittances, financial technology (Fintech), mobile transfers, the synergies between international migration and urban food security, the nexus between social media and migrant networks, and the role of information and communication technology (ICT) in development. Sean holds a Doctoral (PhD) and a master’s degree in development studies from the University of the Western Cape (UWC), Digital Marketing and Social Media Marketing certificate courses from the University of Cape Town (UCT), and Special Honours and BA degrees from the University of Zimbabwe (UZ).
