NALA, a Tanzania based FinTech company, has teamed up with Cellulant, a Pan-African payments company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and Ghana.
The partnership between Cellulant and NALA aims to facilitate seamless cross-border payments and significantly reduce the cost of sending money from the UK and US into Africa.
“Today, Sub-Saharan Africa is the most expensive region to transfer money into,” said Nicolai Eddy, COO, NALA. “In Tanzania and across the African continent, there is a huge opportunity to harness technology to reduce payment fees and build next-generation payment and banking products. At NALA, we’ve built a completely digital platform for individuals and businesses based in the UK and US to send money to their friends, family, and employees in Africa.”
David Waithaka, Cellulant’s Chief Revenue Officer, said: “Cellulant solves a huge challenge for businesses coming into Africa since they have to deal with 54 to 55 different payment providers and multiple currencies, with at least one for each country. With our presence in 35 countries, we are able to cover all these needs through a Single platform, Single API, Single contract, One web tool and a Single point of managing all operations.”Click below to share this article