Laos-based fintech startup KiwiPay set to launch in seven African countries
Laos-base payment solutions provider KiwiPay has announced plans to launch in seven African countries. This is part of the company’s global expansion move.
KiwiPay gives SMEs access to digitize their payments through a dynamic QR code solution. The fintech startup says it is working with governments in several other frontier markets in South-East Asia and up to 7 countries in Africa to launch its services.
It has also has signed an agreement with Laos Central Bank, Laos Ministry of Finance and the Lao Development Bank to provide an easy cashless solution for visa processing in Laos borders and cashless payment capabilities.
“The solutions has proven the ability to speed up and ease the visa process for tourists. We are now testing the solutions with governments in several other frontier markets in South-East Asia and up to 7 countries in Africa.” Gregory Schmidt, CEO & Founder of Kiwi Group, said.
The KiwiPay solutions also helps SMEs to digitize their payments by providing dynamic QR code solutions to thousands of retail shops, hotels & restaurants by enabling foreign e-wallet solutions such as Alipay, SamsungPay, ApplePay, WeChatPay and more… KiwiPay is already processing more than US$200 million worth of transactions yearly, and growing fast monthly, based on a commission fee business model, allowing countries to move to cashless economies using their own currencies.
Earlier this year Kiwi Group also entered a joint-venture with Meal Temple Group, one of the leading startups in the food delivery space in frontier asian markets, allowing hundreds of restaurants to use the KiwiPay solutions, including PoS devices for cashless payments.