Tech

Nigerian fintech Grey partners dLocal to drive expansion into emerging markets

Published

3 months ago

August 31, 2024

Nigerian fintech, Grey, has struck up a partnership deal with leading cross-border payment platform, dLocal, aimed at driving expansion into new emerging markets.

CEO and co-founder of Grey, Idorenyin Obong, said in a statement on Friday that the fintech which offers an international money transfer service that enables its users to send and receive international payments without restrictions quickly, will explore the possibilities of the partnership to expand into more countries in the continent and globally.

“Through this partnership with dLocal, Grey will provide cross-border payouts to wallets and bank accounts, expanding its services into new markets such as Brazil, Indonesia, Mexico, the Philippines, and South Africa,” Obong said.

“This expansion will offer instant, low-cost transfers and comprehensive payment solutions, contributing to economic growth and broader access to financial services.

“Expanding into one country is tough enough, let alone multiple countries at once.

“dLocal has eased payments integration, simplified regulatory challenges, and ensured a consistent experience across all markets, letting us focus on what we do best: delivering an inclusive and seamless global banking experience to our users

“Its products include foreign bank accounts, instant currency exchange, and international money transfers,” he said.G

Grey a Y Combinator-backed fintech startup, had, in 2022, raised $2 million funding round and has steadily expanded into East Africa with Kenyan as its East African hub while dLocal powers local payments in high-growth markets, connecting global enterprise merchants with billions of consumers across Africa, Asia, and Latin America.

Related Topics:dLocal Featured fintech Grey

Click to comment

Tech

Ghana partners with The Gambia to provide free roaming services

Published

9 hours ago

November 21, 2024

Isaac Dachen

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

1 day ago

November 20, 2024

Isaac Dachen

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.