South African Fintech start-up Vio Digital will next month launch a blockchain technology-based cross-border money transfer platform expected to cut remittance fees. The platform will initially target Kenya, Cameroon, Ghana and Nigeria. Its service will also see introduction of digital currency tokens to be bought via the Vio App using Visa or Mastercard platforms only.
Vio Founding chief executive Praga Govender, a former Visa Sub-Sahara Africa Director of Product, said Vio Token will reduce costly cross-border money transfer charges.
