Tag: mobile money

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Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed

September 21, 2021

According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a…
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Mobile money platform Pngme raises $3M to expand across Africa

February 12, 2021

The fintech firm hopes to expand financial products for the unbanked. Africa-focused but U.S. based unified financial data platform Pngme this week announced its successful seed funding round raised $3 million. The investment was led by Radical Ventures, Raptor Group, Lateral Capital, and EchoVC. It was actually closed in the third quarter of 2020 and…
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