The local fintech grows from a two-person start-up into a 100-client firm processing more than R1 billion in travel payments.
The adoption of stablecoin services by banks and mobile operators could accelerate the usage of the emerging crypto across the continent.
The company reaffirms its commitment to supporting financial institutions in simplifying and securing cross-border payments.
While cash is still king in Africa, the continent is witnessing a surge in the use of digital wallets to make cross-border payments, says Verto’s Cornelius Coetzee.
ITWeb TV: Africa’s remittances evolve from bus drivers to digital wallets | Episode #80
In this episode of ITWeb TV, Cornelius Coetzee, country director for Verto South Africa, speaks to Admire Moyo, ITWeb news editor about the evolution of Africa’s cross-border payments landscape. #Remittances #CrossBorderPayments #MobileWallets #ApplePay #GooglePay
The hackathon aims to identity new solutions to reduce costs in cross-border payments into and within Africa.
The deal supports PayU's expansion into high growth markets and targets the $994 billion opportunity in cross-border payments.
Spending on blockchain solutions is expected to reach $11.7 billion in 2022, as enthusiasm for blockchain is universally shared across regions.