Pesa unlocks new markets to keep remittances flowing to emerging economies
Founders of Pesa created a fintech solution to offer affordable, accessible, and reliable remittance services, reducing reliance on risky informal channels.
MAIN POINTS
- Pesa aims to address the high cost and inaccessibility of traditional remittance services.
- Founders' experiences revealed widespread use of informal channels among African diaspora.
- The fintech solution seeks to provide a safer alternative to risky money transfer methods.
TAKEAWAYS
- Remittance services are often costly and unreliable, driving people to informal channels.
- Informal channels like WhatsApp groups are commonly used by Africans in the diaspora.
- Pesa offers a fintech solution to improve the safety and accessibility of remittances.