At the beginning of this year, the African Continental Free Trade Area (AfCFTA) came into effect with the main goal of eliminating the obstacles that hinder trade and business between member countries.
Small, but agile firms like Xente Uganda are ready to jump in as enablers. Xente is a financial technology (fintech) company; one of an increasing number dotted all over Africa taking advantage of advances in digital technology.
Digital payments are seen as a vital component of cross-border commerce in the years to come where the merchant and customer agree to accept a virtual payment for the purchases of goods or services.
Fintechs are going to play a significant role towards making AfCFTA work for the simple reason that digital transactions are more seamless and free up precious time. This in turn means more trade and business opportunities. Read More.