“We have built a business that can scale across Africa,” Mwongela says from Nairobi. “Our platform can be adapted to any market.” Ghana and Nigeria are “interesting markets” which have “tremendous growth” potential, he says.
Economies in Africa are moving towards real-time payments and digital currencies as Covid-19 restrictions accelerate demand for alternatives to cash.
Nigeria and Ghana both plan to adopt digital currencies, while South African banks are adopting the Rapid Payments Programme to allow instant interbank payments in 2022.