Condia Insider: While Revolut eyes Africa, Afriex looks beyond
- Collect Africa is shutting down to focus on a new platform, Autospend, aimed at cross-border payments using stablecoins.
- Revolut is expanding its operations into Morocco, led by ex-Uber executive Amine Berrada, with plans to establish a full neobank.
- Afriex is expanding its services to India, China, and Pakistan, waiving fees on transfers above $10 to attract users.
The shift towards cross-border payments by fintech companies like Collect Africa, Revolut, and Afriex reflects a growing recognition of the global nature of finance. As these companies adapt to changing market demands, their success will depend on navigating regulatory challenges and providing competitive services that meet the needs of their customers.
