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Amazon Web Services to host Africa Money masterclass in Ghana

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Amazon Web Services (AWS), a subsidiary of Amazon.com, will host an Africa Money and DeFi Summit masterclass between October 3rd and 4th in Accra, Ghana.

The masterclass, which is in partnership with Africa Tech Summit, is aimed at being a catalyst for a digital transformation across the African continent, leveraging the expertise of AWS to empower entrepreneurs and accelerate economic growth, according to Lawrence Muthoga, Startup Account Executive, Sub-Saharan Africa, Amazon Web Services, in a statement on Wednesday.

The statement also announced that nine African ventures had been selected to showcase their cutting-edge web3, blockchain, fintech, and decentralised finance (DeFi) businesses to investors and industry leaders live on stage.

The selected startups, according to Muthoga, include Hurupay, VerifiBuy, BluPay and PayBox, all from Ghana. Others are Save App and Safi Protocol from Kenya, Coinazer and One Chain Africa from Nigeria, as well as PA from Ivory Coast.

“With an unmatched legacy of 12 consecutive years as a Gartner Cloud Infrastructure and Platform Services (CIPS) Magic Quadrant leader, AWS will bring its unrivalled expertise to the summit,” Muthoga said.

“Africa has leap-frogged in the financial space. This is due to the great impact had by the amazing startups and ecosystem players who have taken it upon themselves to improve the lives of the communities around them.

“AWS is honored to share in this process and dive deeper into what we have seen working around the globe and in Africa.

“Africa Money and DeFi Summit promises an immersive experience with interactive masterclass sessions, panel discussions, fireside chats, and networking opportunities.

“The event will also feature a meeting zone that fosters invaluable interactions between entrepreneurs and investors. Moreover, the Investment Showcase will provide a platform for innovative ventures from across the continent to pitch their solutions to potential backers”, he added.

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South Africa’s startup Cue launches AI Agents service to enhance customer service

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South African customer service software provider, Cue, has announced the launch of AI Agents, a new service that will empower businesses to automate routine inquiries, personalise customer interactions, and deliver exceptional service at scale.

Rhett Trickett, Chief Product Officer at Cue, who made the announcement in a statement on Monday, said with the AI Agents,
businesses will be able to help customers quickly and efficiently with chatbots and live chat on WhatsApp and social channels.

According to Trickett, the startup has worked with over 300 clients in the last five years, and recently expanded to the United Kingdom.

Cue’s AI Agents are trained on content from websites and company documents provided by businesses, allowing them to understand natural language and respond to a wide range of questions and requests,” he said.

“The service seamlessly integrates with existing workflows, enabling businesses to reduce response times, improve customer satisfaction, and boost agent productivity.

“At Cue, we’re committed to helping businesses deliver exceptional customer service in a rapidly evolving landscape.

“Our AI Agents represent a significant leap forward in customer service automation, enabling businesses to streamline operations, enhance efficiency, and ultimately, build stronger relationships with their customers,” Trickett added.

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Zambian fintech Union54 partners with Paymentology to launch virtual Mastercard debit cards

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Zambian fintech, Union54, has partnered with next-generation payment platform, Paymentology, to launch virtual Mastercard debit cards on its ChitChat social platform.

Perseus Mlambo, CEO of Union54, who made the disclosure in a statement on Friday, said the partnership was timely as it was coming at a time of rapid growth in Zambia’s digital payments sector.

“With 16.4 million mobile connections representing 78.7% of the population, and a projected market growth for digital payments of 16.12% from 2023 to 2027, reaching a size of US$8,441.00 million, Zambia is primed for innovation in financial services,” he said.

“By integrating communication and secure financial transactions on one platform, Union54’s ChitChat has the potential to drive significant economic growth, foster entrepreneurship, and enhance financial inclusion throughout Africa.

“Building on the recent launch of Union54’s ChitChat—a messaging app with an integrated payment wallet—this collaboration introduces a USD virtual Mastercard debit card to the platform.

‘Leveraging over two decades of expertise, Paymentology provides its next-generation payment platform to support Union54’s expansion of ChitChat in Zambia and other African markets during this critical growth phase.”

Union54 which was founded in 2021 by entrepreneurs Mlambo and Alessandra Martini, has quickly gained prominence in Africa’s fintech sector with its flagship product, ChitChat, enabling users to communicate, network, transfer money between wallets, convert USD to local currencies, and send in-app funds to other ChitChat users.

“With the help of Paymentology’s cloud-first, API-driven technology, users can now conduct both in-person and online transactions using their ChitChat virtual Mastercard debit card,” Mlambo said.

“The internet has transformative potential for both individuals and governments. Our goal is to create secure and efficient spaces for communication and transactions. Partnering with Paymentology provides us with the reliability, security, and scalability needed to elevate our offerings. This collaboration will empower our customers with the advanced tools necessary for seamless communication and financial transactions.”

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