After securing a payment licence in Canada, Kuda Technologies has announced the upcoming launch of a multi-currency digital wallet, set to be operational by Q3 2024. The product is designed to provide Africans living in Canada with a convenient, instant, and reliable way to send money back to their countries of origin.
The Kuda digital wallet will allow users to add funds in various currencies, including GBP, EUR, USD, and CAD, and seamlessly transfer money to African countries through a robust network of trusted partners. This solution addresses the growing need for efficient and secure remittance services among the African diaspora in Canada, enhancing their ability to support family and friends back home.
Speaking on June 17, 2024 at leading tech conference Collision in Toronto, Babs Ogundeyi, Group CEO and Founder of Kuda said, "Our mission at Kuda is to make financial services accessible and affordable for everyone, especially underserved communities. With the launch of our digital wallet in Canada, we will offer Africans living in the country, including recent migrants, a simple, transparent, and cost-effective way to send money home, ultimately improving their financial wellbeing and strengthening their connections to their countries of origin."
The new digital wallet by Kuda is poised to revolutionise the remittance landscape for Africans in Canada, providing a user-friendly platform that prioritises security and speed. By leveraging advanced technology and strategic partnerships, Kuda ensures that users can enjoy a seamless experience while supporting their loved ones.
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