Zambian Startup Zoona Brings mPayments To Unbanked

By  |  August 15, 2013
 | 

Zambian startup, Zoona, is among to help bring the country to a cashless system by offering a mobile money solution targeted for both merchants and consumers, reported VentureBurn. Zoona hopes to follow in the footsteps of Safricom’s M-Pesa service, and has already raised $5 million in funding.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to the article, most of Africa’s payment transactions are done with cash, and over 80 percent of adult income-earning residents in Zambia are unbanked. The startup is offering a variety of products to encourage Zambians to pick up mobile payments.

    Read the full story here.


    Recommended

    Royal Bank of Canada

    RBC Expects to Gain Over $700 Million of Enterprise Value From AI

    Dollar Tree

    Dollar Tree Wins High-Income Value Shoppers

    Mastercard Uses Network Data to Speed Credit Decisions

    Super Saturday bests Black Friday for most spent

    Visa: 47% of Americans Use AI Tools for Holiday Shopping

    See More In: