Conduit Expands Global Payment Solutions to Africa

Monday, 12 August 2024, 09:58

Conduit, a rising player in cross-border payments, has successfully expanded its services from Latin America into Africa, thanks to a new $6 million funding round. This strategic move taps into the vast potential of cross-border payments in emerging markets, with predictions showing a 60% growth in transaction value by 2027. Businesses in these regions can greatly benefit from Conduit's innovative solutions, aimed at overcoming the limitations of traditional banking and outdated fintech systems, enabling more efficient transactions across borders.
TechCrunch
Conduit Expands Global Payment Solutions to Africa

Overview of Conduit's Expansion

Conduit is venturing beyond Latin America, bringing its cross-border payment solutions to Africa.

Market Potential

The cross-border payments sector for businesses in emerging markets is seeing significant untapped potential.

  • The value of cross-border payments is projected to grow by 60% by 2027.
  • Annual transaction volume reaches trillions of dollars.

Future Implications

With Conduit's entry into Africa, businesses can expect more efficient transactions that challenge traditional methods.

  1. Enhances operational efficiency.
  2. Reduces costs associated with legacy systems.

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.


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