Zeepay, Africa’s leading non-telco mobile platform has partnered with AI leaders Thetaray to make remittances and cross border money transfer even faster and direct by profiling senders, receivers and transfer institutions for quick decision-making within nano-seconds.
Co-Founder and Managing Director or Zeepay, Andrew Takyi-Appiah said remittance is the single largest source of foreign direct investment into Africa, accounting for some $84 billion FDI in 2022, with Ghana alone getting up to $4.7 billion.
He believes the remittances helps families in Africa to cater for health, education and several other needs, and the introduction of AI into the space will ensure speed and safety because AI will help to profile all the stakeholders and enable expeditious decision-making all within nano seconds and ensure that no one in shortchanged within the value chain.
“This has very significant implications for financial inclusion and for meeting critical needs of people back home in Africa even faster,” he said.
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