Latin American Fintechs Storm Africa In Fiery Digital Gold Rush
Latin American fintechs are increasingly turning their attention to Africa, drawn by the continent’s rapidly growing digital economy and financial inclusion opportunities. The latest entrant PayRetailers, is a notable payment processor in Latin America, which recently announced its expansion into eight new African countries, including economic powerhouses South Africa and Nigeria. This move builds on the company’s initial foray into Africa three months ago, when it launched in Rwanda, Zambia, Uganda, and Tanzania. PayRetailers' ambition is clear: to provide seamless cross-border payment solutions for Africa's underbanked populations and tap into its booming digital commerce landscape. “Africa is a vibrant and varied continent, with payment preferences that differ from region to region,” said Jonathan Vintner, Global Head of Sales at PayRetailers. This localised approach is key to success in a fragmented market, with mobile money services such as M-Pesa, Airtel Money, and MTN MoMo typically among the most popular…
23 Sep 12:28 · WeeTracker