September 27

Brazilian Payments Firm, EBANX, Expands into 8 New African Countries

EBANX, Brazilian payments unicorn, announced that it has expanded its presence in Africa by setting up operations in eight more countries namely Côte d’Ivoire, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. This strategic expansion comes on the heels of EBANX’s successful foray into the African market in September 2022, when it initiated operations in South Africa, Nigeria, and Kenya.

Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean during the summit. This expansion includes the inclusion of the Bahamas and Jamaica in its portfolio, bringing its presence to a total of 17 Latin American countries and 29 countries worldwide, including the recent addition of India.

Photo courtesy of Julio Lopez.

Source: Innovation Village (link opens in a new window)

Finance, Technology
e-commerce, financial inclusion, fintech, mobile finance, remittances