Financial Technology, or FinTech, refers to new technology that is slowly creeping through and could, in the future, replace traditional financial methods. 

FinTEech on Friday morning held an information session at the Bank of Namibia.

Looking back into the history of money, there have been many notable innovations that have changed the financial sector.

The Deputy Governor of the central bank, Ebson Uanguta, says this transformation can be seen from the invention of the banknote to the processing of payments through debit and credit means.