Big Data for FinTech and InsureTech Vinod Sharma's Blog

Last Sunday I was at big retail store in Harare and it was a very busy day because it was month end and people got paid. Grocery shopping was in full swing, I also bought some groceries for my self. When I was in the queue for payment and collection, I saw almost every one making payment either by swiping the magic plastic card or struggling on their mobile handset by punching few numbers etc. The electronic payment queue was moving fast compared to the cash payment queue where I saw only a handful of people with just one/two small item/items. The thought came to my mind out of this whole picture was "Whats happening here besides the payments through mobile and plastic"?