Afrigather Final week, TechCabal reported that NALA, a Tanzanian-born fintech startup with a rising dominance in East Africa, made a pioneering transfer in Africa’s fintech area by enabling its African diaspora customers to make native funds immediately. Now, the fintech has introduced one other breakthrough for its prospects: They will now make funds from the UK and US through Apple Pay.
This latest integration with world cost service, Apple Pay, reaffirms NALA’s ambition to allow seamless and “lightning-fast funds” to Africa. Apple Pay is a sophisticated cell cost service developed by Apple Inc that digitises card funds and is optimised for contactless in-store funds. With over 45 million users within the US alone, the cost service is a go-to for many individuals in nations just like the US and UK, that are nations the place NALA’s customers are.
NALA’s integration with Apple Pay comes seven months after the African fintech launched operations within the US with an occasion held in New York, attended by six members of the Tanzanian parliament.
Talking on the most recent integration, Benjamin Fernandes, NALA’s founder and CEO, mentioned that NALA’s strikes are geared in the direction of connecting Africa with world cost choices whereas constructing a wealthy monetary infrastructure for Africans.
“NALA’s mission is to extend financial alternatives for Africans globally, enabling Apple Pay is a step in the direction of connecting extra world cost choices with Africa. This attain permits us to construct stronger monetary infrastructure for Africans worldwide,” he mentioned in a press release shared with TechCabal.
NALA’s prospects within the US and UK can entry the Apple Pay function on the NALA app, which permits payout to over 300 banks and 20 cell cash gamers in Africa.
Up to now, solely a handful of African fintechs, together with Nigeria’s Paystack and South Africa’s Peach Funds, have been capable of combine Apple Pay into their merchandise. Flutterwave, the Nigerian fintech unicorn, promised in February that it would integrate Apple pay into its suite of cost choices. However that function is but to be rolled out.
With its product roadmap accessible to all, NALA is eager on enhancing how Africans, each at residence and within the diaspora, expertise monetary know-how providers. At its core, the corporate is empowering folks with management over their funds and powering a seamless and clear expertise whereas at it.
