Tokyo-based insurer Sompo teams up with Africa’s BitPesa to digitize remittance
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.
The partnership will see the two companies utilizing blockchain technology to make it easier for Africans to buy Japanese products. With the help of blockchain, BitPesa and SBI Remit expect to get rid of challenges accompanying the transfer of funds between African traders and Japanese exporters.
Despite the myriad of challenges, cryptocurrencies are doing quite well in Africa as crypto-related activities start to become a norm in most countries in the region.