Be Mobile Africa Unveils Spin-Off of Web3 Payment Network in Africa
Abu Dhabi, 29 November 2023 – Today, along the sidelines of the distinguished Abu Dhabi Finance Week, Be Mobile Africa proudly announces the official launch of Cheetah, a cutting-edge Web3 intra-Africa payment network accessible at www.gocheetah.io. Leveraging fiat-backed Stablecoins and Automated Market Making (AMM), this revolutionary blockchain-backed infrastructure facilitates secure, cost-effective, and instantaneous money transfers […]
Advancing Women Entrepreneurship Through Financial Inclusion in Africa
The African continent has a population of more than 1.4 billion, making up over 16.7% of the world’s total population. Despite these figures, around 57% of Africans do not hold any form of bank account. More importantly, the percentage of unbanked women remains abnormally higher than that of men. Throughout the world, women’s access to […]
Why Africa Needs Crypto
Africa is a continent with many challenges. The continent is largely underdeveloped and unbanked. According to data, around 57% of Africans do not hold any form of bank account. Cryptocurrencies can provide much needed access to financial services for people who may not have access to traditional finance institutions like banks. The importance of crypto […]
Banking and Poverty: Why the Poor Turn to Alternative Financial Services
Access to alternative financial services have skyrocketed over the past few years. This is no surprise. Consider this: there are over 1.7 billion people in the world who don’t have access to the most basic form of financial service: a bank account. Technology is, however, disrupting the banking industry. This ushers in a new era […]
In Conversation: The Changing Face of Financial Services
We recently caught up with Sankha Jinasena, Director of Sales of Be Mobile Africa where we chatted about how neobanks are changing the face of financial services as well as trends and what most excites him about Be Mobile Africa’s business banking offering. Jana: The neobank landscape is changing the face of financial services. What […]
How Blockchain Will Set the Scene for Change in Payments
The scene is set for the world of payments to be transformed by blockchain and cryptocurrency, with the pandemic having swung the balance firmly and irrevocably in favour of emerging technologies. Traditional financial service providers are reluctant to get on board with the digital revolution, as these blockchain-based innovations threaten to reduce the historically high […]
The Rise of the Neobanks
The global financial crisis of 2008 was a pivotal moment in the history of banking. The crisis exposed the shortcomings of the traditional banking system and led to a loss of trust in banks among consumers. In the wake of the crisis, a new generation of service providers, known as neobanks, emerged with the aim […]
Be Mobile Africa Launch EUR and USD Accounts for Businesses in Africa
4 October 2022, Cape Town: Today, Be Mobile Africa announced the launch of their new multi-currency business banking platform for businesses in Africa. The platform will enable customers to apply for and open USD and EUR business accounts within 48 hours, without the need to visit a bank branch in person. The neobank’s new service […]
Women Entrepreneurs — The Key to Boosting Africa’s Economic Success
Africa leads the world in terms of numbers of women business owners, with women making up 58% of the continent’s self-employed population. In fact, women in Africa are more likely than men to be entrepreneurs — not necessarily because they have a passion for something or the right skills, but because they are often the […]
Neobank Be Mobile Africa Launches in South Africa to Serve the Unbanked and Underbanked
Cape Town: Be Mobile Africa has announced their official launch in South Africa. The company aims to make banking much more accessible to the unbanked and underbanked in South Africa and offers low to no-fee banking products through their app. According to Oxford Business School an estimated 23.5% of the population is unbanked, and R12 billion — […]
