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A Pan-African Neobank Issuing Global Accounts to Africans Announces its Re-entry into Rwanda

Launched in June 2021 by Favour Ori, Payday was developed to support African remote workers, freelancers and digital professionals with frictionless, borderless payments, enabling global payment processing from over 130 countries. The startup allows users to send and receive money in USD, GBP, Euros and 20 other currencies, allowing Africans to work remotely for international organisations, and be paid and withdraw money in the currency of their choice regardless of location. Currently operational in Nigeria, Rwanda and the UK, Payday offers its more than 330,000 users virtual Visa and Mastercard, which can quickly be generated using the Payday app. Payday was the first Rwandan company in history to join Techstars, and last month announced a US$3 million seed funding round. Its re-entry into Rwanda marks a significant milestone in its pan-African and global expansion plans, as well as its burgeoning working relationship as a payment processor for Starlink by SpaceX.

SOURCE: DISRUPT AFRICA