B2B payment platform Nilos expands to West Africa, promising faster and cheaper cross-border payments
- Nilos has announced its expansion into West Africa, specifically targeting the Ivory Coast, Senegal, Benin, and Togo.
- The company will introduce instant payouts in the West African CFA franc (XOF) to enhance transaction speed.
- Nilos is integrating mobile money services to improve accessibility for businesses and individuals in the region.
Nilos's expansion into West Africa is a strategic move that addresses significant pain points in the region's payment landscape. By offering innovative solutions such as instant payouts and mobile money integration, Nilos not only enhances accessibility but also positions itself as a key player in the rapidly growing digital economy of Africa. This could lead to increased competition and innovation in the fintech space, ultimately benefiting businesses and consumers alike.
