Two of Africa’s biggest fintech players are expanding their operations in Rwanda, which is pushing to position itself as a strategically important hub for the fintech sector by revamping its business laws and tax code. Chipper Cash, the pan-African money transfer company, opened in Kigali last week with a launch party on the sidelines of a three-day government-organized fintech conference. Chipper’s opening came two months after Flutterwave, the online payments processor, said it received two new licenses to offer cross-border money transfers in Rwanda. Flutterwave first launched there in 2019. Among the smaller markets, Rwanda’s push to stand out appears to have less competition.

Source: The North Africa Journal July 01, 2023 08:19 UTC