Kuda Technologies will be launching a multi-currency digital wallet to help with remittances for Africans later this year in Q3.
This was announced after the company secured a payment license in Canada.
The Kuda digital wallet will allow users to add funds in various currencies, including GBP, EUR, USD, and CAD, and seamlessly transfer money to African countries through a robust network of trusted partners.
“With the launch of our digital wallet in Canada, we will offer Africans living in the country, including recent migrants, a simple, transparent, and cost-effective way to send money home, ultimately improving their financial wellbeing and strengthening their connections to their countries of origin,” Babs Ogundeyi, Group CEO and founder of Kuda, said during a recent tech conference in Canada.
