An app for mobile payments from South Africa
An app for mobile payments from South Africa
Blockchain

An app for mobile payments from South Africa

By Amelia Tomasicchio - 15 May 2018

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Leggi qui l’articolo in Italiano.

Across Africa, transactions are among the most expensive in the world, with a charge of up to 20% for a single transaction.

The Fintech revolution offers consumers a significant opportunity for payments, using new technologies to save money.

VIO fits into this market, with a zero-commission transfer app, also solving some of the major sending problems.

For people sending money home to their families, additional processing and admin costs can be crippling. Our app uses technology to give people safer and more convenient ways to move their money. Technology like the blockchain means we can take cost out of the system to give people cheaper ways to move their money“, says Praga Govender, CEO, and founder of Vio Digital.

The app is currently available for download on the Google Play Store, and from next month all the basic functions of the project will be activated.

Initial launch markets include Kenya, Nigeria, Ghana, and Cameroon.

Users will download the app and purchase Vio tokens, which are transferable through the app.

Vio has partnered with Visa to ensure the exchange of funds when users want to withdraw.

Africa breeding ground for cryptos

As we know, Africa and the countries of the so-called Third World represent for crypto a thriving environment mainly because of a high rate underbanked people, or without the possibility of opening a bank account due to lack of documentation.

It is not without reason that the number of projects related to blockchain and crypto is growing across the continent.

Among others, Zimbabwe has hypothesized the creation of a cryptocurrency, the Afro, as stated a few days ago by President Cyril Ramaphosa.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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