There are over 600 million consumers in emerging countries in Africa that require assistance from family abroad to help pay their utility bills on a month-to-month basis. The current payment medium to help facilitate this payment is by sending funds via remittance gateways (e.g., Western Union, MoneyGram, Wise).
Currently, remittance flows to Sub-Saharan Africa are recorded to be $41 Billion in 2021. Source: The World Bank
However, the true total is likely to be three or four times this amount with unrecorded remittances passing through friends/family
Currently, 75% of remittances ($30billion) to Sub Sahara Africa go to pay some form of a utility bill (electricity, tax, water, insurance, phone, medical, etc.).
Company Details
- Employees
- 8
- Founded
- -
- Address
- 1775 Tysons Blvd,
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- http://www.afripie.com
- Keywords
- payment, Sub Sahara, Africa, integration, International Bill Payment, Forex Aggregation, Mobile Money Aggregation, Mobile Wallet Solution, Utility Payments, North America, Europe, Payment, API Integration, Government Solution.
- HQ
- Tysons, VA
Afripie Technology Questions
Afripie Technology's website is http://www.afripie.com
Afripie Technology's LinkedIn profile is https://www.linkedin.com/company/afripie-technology
Afripie Technology has
8 employees.
View email and phone details for 8
employees at Afripie Technology.
Afripie Technology's industry is
Financial Services
Afripie Technology's top competitors are
Fxc Intelligence,
The Starwinds Community,
F & A Technologies,
Purplemeta,
The Money Cloud Ltd,
Chronolex Legal Practice,
Mira Mira Wines,
G2 Risk Solutions,
Easement Solutions Ltd (Esl),
Eklib Software.
Afripie Technology's categories are Financial Services
Afripie Technology's founding year is 2021
