NALA, a Tanzanian financial technology company, has officially integrated Apple Pay as a source of funds for payments in the United States and the United Kingdom to Tanzania, Kenya, Rwanda, Uganda and Ghana.
This is the first time a Tanzanian company has worked directly with and enabled a global payments service such as Apple Pay. The move maximizes payout options for NALA’s customers in the US and the UK.
NALA, a Tanzanian financial technology company enabling payments from the UK/US to Africa, announces their newest integration to enable seamless payments. This comes a few months after establishing operations in the United States at the end of April 2022, where 6 members of parliament from Tanzania attended their launch event in New York City.
NALA’s founder and CEO, Benjamin Fernandes hails from Tanzania and has been working in mobile money payments in Africa for over 10 years. He built one of the first integrations for mobile money payments for TVsubscription services 10 years ago.
Fernandes commented,
“NALA’s mission is to increase economic opportunities for Africans globally, enabling Apple Pay is a step towards connecting more global payment options with Africa. This reach allows us to build STRONGER FINANCIAL infrastructure for Africans worldwide.”
NALA customers in the United States and the United Kingdom can get access to this feature on the NALA app from the Apple Store or Google Play Store. NALA currently can pay out to over 300 banks and 20 mobile money players in Africa.
Despite the litany of options for sending money to Africa from abroad, the continent continues to be the most expensive place to send money. The World Bank estimates average transfer fees to Africa at ~9%.
Further, many of the existing options include hidden fees that make it hard to discern the true cost of sending money. NALA is working towards changing the paradigm of financial tools for Africans by providing fair and transparent services to empower people with control over their finances.
About Nala:
NALA is an African payments company and money transfer app that enables you to make secure and reliable payments from the UK and the US to Africa in seconds.
They are on a mission to increase economic opportunity on the African continent and among its diaspora worldwide. Creating community-powered financial solutions makes it easier to make day-to-day payments and do business in an increasingly global Africa.
Simple Steps to Transfer Money Using Co-op PesaLink on Your Phone
Payments in Africa are 1% built. NALA aspires to bring 21st-century payment technology to Africa to create a low-cost and highly reliable set of payment rails that friends, family, and businesses can use. When payments aresimple, reliable, and available at the touch of a button, anything is possible.
NALA is a proud African Fintech Startup with a global team serving an international audience. By building payment channels and infrastructure, they enable lightning-fast payments to the African continent.
Their tech is built by world-class engineers from around the world and we are proud to serve all communities, from bustling cities to peaceful villages. We are privileged to partner with these local communities on this journey together.
