The payments space in Angola is getting a much-need shake-up, as the country gets its first comprehensive mobile wallet courtesy of local startup Kamba.
Launched in April this year, Kamba allows users to send and receive money to other individuals within the app or via QR code free of fees, as well as to pay for utilities, and a range of services and products online and in-store.
While only 29.3 per cent of adult Angolans have access to banking services, according to the World Bank, to date there has been no efficient service available to Angolans to make mobile or online payments for goods and services – prompting the launch of the mobile app which the Kamba team says represents a “huge step forward compared to traditional means.”
From Disrupt Africa. Story by Gabriella Mulligan.
“The reality of payments in Angola is very different from other African countries. People struggle to have access to cards, and payment services on the internet Click here to read entire article