INSTACASH, a mobile money platform, has begun to break the decades-long hold of traditional banks and telecommunications providers in Eswatini’s financial sector. Just two years after launch, the fintech developed by Kenya’s Directcore Technologies has made significant inroads into the southern African Kingdom. The non-telco operator has already captured over 200,000 users, representing more than 16.67% of the country’s population and has begun to upend the market where five banks — including three South African institutions — have long-controlled access to financial services. Its fast-growing adoption rate hints at a potential M-PESA-like effect in Eswatini as young users embrace mobile…