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Nigerian startup buys US tech co as credit cards go digital, in Africa

Nigerian startup buys US tech co as credit cards go digital, in Africa

CONRAD ONYANGO, BIRD AFRICA STORY AGENCY AFRICA has begun making its own virtual credit cards as fintechs push to end legacy challenges experienced in physical, traditional bank-aligned cards. As startups across the continent move to bring millions of unbanked into the financial sector using digital payment cards, they are also looking to tap into new demand for payment services created by growth in e-commerce and streaming services. Virtual cards offer shortened issuance times and lower costs when compared with traditional cards, and are speedy, cheap and convenient even for those residing in rural areas. Pan-African digital payments company MFS Africa…
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