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Redcloud partners KongaPay for new tech services

Business & Economy

RedCloud Technologies, the world’s first open banking platform has partnered with Nigeria’s KongaPay; the payment system which aims to facilitate the initiation and completion of transactions in a seamless manner to accelerate distributed banking through a new payment ecosystem that allows unbanked customers to pay online.

Through the Banking as a Platform model, a first for Nigeria, KongaPay will use RedCloud technology to enable the banks to offer innovative digital financial services via its rapidly growing merchant network, with merchants benefiting from increased footfall and resulting bottom-line revenues.

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