MultiChoice, Rapyd and General Catalyst have entered into a joint venture aimed at developing an integrated payment platform for the African continent. ITinBanking MultiChoice Digitalpayments CalvoMawela
have entered into a joint venture aimed at developing an integrated payment platform for the African continent.
The new company will offer additional options for consumers to spend and save money. The aim is to transform the African payments landscape by making digital payments more accessible and reliable for domestic, cross-border and global payments. According to the statement, Moment will consolidate the $3.5 billion in payments that MultiChoice processes annually.
Adam Valkin, MD of General Catalyst, adds: “Africa represents one of the most exciting investment opportunities for global investors. Over the next 20 years, most of the population growth of the world will be happening in Africa, along with increasing urbanisation.
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