Ebanx, a Brazilian payments company, is expanding into Africa with a focus on mobile money.

Ebanx expands into Africa with focus on mobile money.

Paula Bellizia, global payments executive with Ebanx, gives speech in Mexico City.

Ebanx, a Brazilian fintech company that offers cross-border payment solutions, has announced its expansion into Africa. The move comes as the demand for digital payments in the region continues to grow.

In a speech given at the Mexico Fintech Summit in Mexico City, Paula Bellizia, global payments executive at Ebanx, said that the company plans to focus on mobile money and digital wallets in its African operations.

Bellizia said that the expansion is part of Ebanx's goal to provide payment solutions for major e-commerce stores globally. The company is already present in Latin America, where it has seen rapid growth in recent years.

Ebanx begins operations in Kenya, South Africa, and Nigeria.

Ebanx has started operations in Kenya, South Africa and Nigeria as it looks to replicate its success in Latin America by focusing on digital payments. The company will initially focus on mobile money, which allows users to store and exchange funds on their cellular phones.

Ebanx will also offer digital wallets to consumers on a test basis in 2020. The continent's digital economy is estimated to be worth $115 billion, according to a report released by Endeavor with McKinsey in June.

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Ebanx plans to focus on mobile money and digital wallets.

The company's expansion into Africa is due to the increasing demand for digital payments.

Ebanx's expansion into Africa is largely due to the increasing demand for digital payments on the continent. In recent years, mobile money has become increasingly popular in Africa as a way to exchange and store funds. Ebanx will initially focus on providing mobile money services to consumers in Africa.

Ebanx will focus on partnerships with global merchants.

In addition to focusing on mobile money, Ebanx will also focus on partnering with global merchants who are looking to expand their businesses into Africa. The company has already established partnerships with major e-commerce stores such as Amazon and AliExpress. By partnering with these companies, Ebanx hopes to provide payment solutions that are tailored to the needs of African consumers.

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Ebanx continues to analyze market conditions for an IPO.

The Brazilian startup is valued at over $1 billion.

Ebanx, a Brazilian fintech company, is valued at over $1 billion. The company started operations in Kenya, South Africa and Nigeria in late August amid soaring demand for payments via mobile phones in recent years. Ebanx will initially focus on mobile money, a system which allows users to exchange and store funds on their cellular phones, Bellizia said. The company began offering digital wallets -- payment applications on mobile phones -- to Brazilian consumers on a test basis in 2020.

Ebanx aims to provide payment services for major e-commerce stores.

Ebanx aims to provide payment services for major e-commerce stores such as Amazon and Alibaba. The company plans to expand its business by partnering with global merchants. "We want to be present in every country where there's e-commerce," said Bellizia.

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