As the world gets smaller and technology brings all four corners of the globe together, there remains even today 1.7 billion people that are still classed as ‘unbanked’
From that figure, an estimated 66% of which are Sub-Saharan Africans. This particular region is home to all eight economies where 20 percent or more of adults use only a mobile money account: Burkina Faso, Côte d’Ivoire, Gabon, Kenya, Senegal, Tanzania, Uganda, and Zimbabwe.
Africa often dubbed crypto’s promised land because of the opportunity the unbanked offer there, is a resource-rich but people poor continent. However, four of the fastest-growing economies in the world are in Africa and economic growth is predicted to rise from 3.9% in 2020 to 4.1% in 2021.
An African Mission
One person determined to change the financial ecosystem in Africa is Dr. Andy Khawaja, the founder, and CEO of Allied Wallet. Sometimes referred to as the “Messiah of Digital Payments”, Dr. Andy Khawaja is a highly publicized philanthropist and world-renowned entrepreneur, who founded Allied Wallet in 2005 to connect global buyers and sellers.
Since it’s inception in 2005, Allied Wallet has grown to become a global leader in providing of mainstream online payment processing, And now, after supporting more than 150+ million customers in 190 countries, supporting 164 currencies worldwide, Allied Wallet and its CEO Andy Khawaja are setting their sights on Africa with the introduction of Allied Wallet Africa to create a new cashless economy across the continent.
Dr. Andy Khawaja and Allied Wallet are partnering with Aimable Mpore of Telecel Global to bring the latest cutting edge digital payment technology to more than a billion people throughout Africa.
Already, a number of local banks and several African governments have partnered with Allied Wallet. Their aim to create a new cashless economy with secure digital payments in a way that the region has never seen before.
Dr. Andy Khawaja said of the Allied Wallet Africa launch: “Today is a great day for the people of Africa, and we are proud to bring them the best technology in the world to transform transactions and bring them a new level of digital payments,”
Having stood at the forefront of innovation and advancement in the payment industry, it is hoped that Allied Wallet’s partnership with Aimable Mpore will transform Africa into an exciting new hub of technology, promoting the growth of e-commerce and new businesses in a region rich in potential.
Latest posts by Jacob (see all)
- Coronavirus Could See Consumer Debt Soar - March 12, 2020
- Lendio Raises $55M in Latest Funding Round - March 6, 2020
- Allied Wallet CEO Andy Khawaja Recognized for World Stars Football Charity Match - February 28, 2020