Building a travel tech in Africa company and capturing cashflows of users scares me. Was just talking to my Finance Officer about how we will overcome this hurdle
Nala: productize your relationships with FIs and be a market maker to fix the reliability issues (treasury, ops etc.), Use same API / data integrations to adjust exposure thresholds dynamically with FIs...but, tonnes of assumptions from my end. Benji is a beast! Endelea vile vile.
I remember I wanting to solve cross boarder money transfer to a supplier in Uganda. Once I saw what needed to be built and from the banking side. I just gave up 😅
I don't think Stripe is available in TZ, am not sure. Check on their site. Am from Kenya, and in my saas I use Paystack to process card payments. There are other African card processing companies you can look into
Then they put in legislation to ban it in Nigeria. Not sure if that has changed. But I found it so difficult to recieve payments from Africa, while it is so easy to send.
The banks have to be bypassed! This video talks about using Stable coins as an alternate route to the traditional banking system: th-cam.com/video/wz-7xW_lJ3U/w-d-xo.htmlsi=iCSK2JDpCR_ijSxL The banks have no incentive to change unless we compete with them and create alternative routes and payment systems. They don't want fintechs to succeed and take their business, so you can't win by partnering with them, you have to go around them.
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I love how Benjamin is honest and open with His answer.
Building a travel tech in Africa company and capturing cashflows of users scares me. Was just talking to my Finance Officer about how we will overcome this hurdle
26:55 is a fascinating point... considering African trade with China alone is more than 30%.....
Nala: productize your relationships with FIs and be a market maker to fix the reliability issues (treasury, ops etc.), Use same API / data integrations to adjust exposure thresholds dynamically with FIs...but, tonnes of assumptions from my end. Benji is a beast! Endelea vile vile.
Thanks for this enlightening episode about the cross border payment issues.
Loved this conversation we are building a fintech in Africa and i couldnt agree more every point
Met Benjamin and he told me to get Customers
That's good advice!
I really like the last segment
Amazing stuff! Daniel is a G :)
I remember I wanting to solve cross boarder money transfer to a supplier in Uganda. Once I saw what needed to be built and from the banking side. I just gave up 😅
Currently tackling asset financing 😊
I have been trying to get stripe from Tanzania for my saas, and I have no idea what to do..can someone help?
I don't think Stripe is available in TZ, am not sure. Check on their site. Am from Kenya, and in my saas I use Paystack to process card payments. There are other African card processing companies you can look into
Am in Swaziland and I have the same problem
Have you tried paystack?
@@agangmaphopha2707 I tried it it's not available in my country
I'm sure there are existing solutions, just not popular in those countries. Ask tech intepreneurs in your country.
Cant use Nala in Zambia 🙁
Quick thought, its either you are an entrepreneuer in this space or merely someone thats enterprising but never both!
I shall leave it at that!!
💪🏾
wasn't bitcoin and Cryto supposed to solve this?
Then they put in legislation to ban it in Nigeria. Not sure if that has changed. But I found it so difficult to recieve payments from Africa, while it is so easy to send.
Cryptocurrency is going to take over and make a lot of us rich.
The banks have to be bypassed!
This video talks about using Stable coins as an alternate route to the traditional banking system:
th-cam.com/video/wz-7xW_lJ3U/w-d-xo.htmlsi=iCSK2JDpCR_ijSxL
The banks have no incentive to change unless we compete with them and create alternative routes and payment systems. They don't want fintechs to succeed and take their business, so you can't win by partnering with them, you have to go around them.