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While digital remittance in Africa has been on the uptick in recent years, it’s been laced with daunting challenges. One peculiar challenge is, cross-border transfers in Africa are the most expensive in the world, averaging about 9% for making a transaction of $200, compared to the world’s average of 7%, according to the World Bank.
We believe that this is an anomaly that only constricts the possibilities of remittance and payments in Africa. Changera aims to combat this challenge from bottom--to-up by lessening the hassle and expensive transfer rates for payments across and beyond Africa.