Conduit Launches Cross-Border Payment Services in Africa after Successful $6 Million Funding Round
Conduit Expands Payment Solutions
Conduit has successfully extended its cross-border payment services from Latin America to Africa after securing a funding round of $6 million. This move is significant as it taps into a market that remains largely untapped despite the substantial transaction volume.
Market Potential
As highlighted in a recent report by Airwallex, the value of cross-border payments is projected to grow by 60%, reaching $250 trillion by 2027. This growth signifies a major opportunity for businesses operating in emerging markets.
Conclusion
Condit's expansion into Africa not only opens new market channels but also underscores the growing demand for efficient cross-border payment solutions in underserved regions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.