Money Q Fintech solutions to launch digital wallet and money transfer services in Africa
Money Q Fintech Solutions Ltd., a Dubai-based fintech startup, announces its plans to expand its services in the African market with its customizable semi-closed digital wallet, KrosPayz, and the international money transfer system, KrosRemit. Founded in 2020 and registered with the Dubai International Financial Center (DIFC), Money Q aims to empower African citizens by giving them access to essential financial services through digital means, regardless of the mobile device they use.
Amit Shrimali – Founder and CEO of Money Q has the vision to make KrosPayz accessible to all smartphone and feature phone users, Money Q’s digital wallet offers a range of services including domestic and international airtime top-up, utility bill payment, QR code payment , money transfers, domestic transfers, microfinance and much more. This expansion will enable millions of Africans to enjoy the benefits and advantages of going digital, bridging the financial inclusion gap.
Money Q is making significant progress in expanding its services across Africa. Money Q is in the process of acquiring a company with an existing license to operate the wallet in Malawi and the wallet is expected to go live by April/May 2023. A partnership agreement with a licensed entity in Botswana and Seychelles has been completed, paving the way so that the KrosPayz wallet can be launched by May/June 2023.
Money Q has completed several key integrations and developments to enhance its services and reach. These include integration with an international aggregator to provide international bill payment services for nearly 11 countries and mobile top-up for 165 countries, as well as integration with Cellulant, an African-based aggregator, for bill payment and mobile top-up/top-up services in approximately 14 countries. ONE
in addition, Money Q has developed KrosRemit, a money transfer platform, integrated with leading money transfer operators, which is currently distributed in Malawi. KrosRemit now has access to almost 600 plus mobile wallets in Africa and 100 plus countries to transfer money to bank accounts which includes SEPA countries and transfers to the US.
As Money Q Fintech Solutions continues to expand its services in Africa, the company is poised to make a significant impact on financial inclusion and empowerment of millions of people across the continent.
