US-based Paytoo has signed an agreement with a payment technology provider start up Infenix to offer remittance solution to over 79 million subscribers in 29 African countries.
The deal will allow Paytoo mobile wallet customers to send remittances to 29 countries and 50 branded mobile wallets in Africa.
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The partnership combines Paytoo’s mobile wallet services solution with Infenix’s remittance payout distribution network.
This alliance is part of a joint strategy from Paytoo and Infenix, to boost mobile financial services and to increase access to financial services across Africa.
Infenix Africa CEO and founder of Infenix Europe Pap NDIAYE said: "We envision great opportunities working with PAYTOO® in this new era of Payment Services in Converging Worlds."
Paytoo vice president of overseas market Gary Gelman said: "This collaboration is the first step before a largest deployment in Africa from 16 to 29 countries, reaching a total of more than 79 million subscribers, and is part of our worldwide deployment started last year with the Latin America market."
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