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Payday Launches 3.0 Version, Aiming to Connect Africa to Global Economy Through Cross-Border Payments

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As the world becomes more interconnected, the need for seamless cross-border transactions is becoming increasingly vital. Unfortunately, this is an area where Africa has lagged behind the rest of the world, with many people finding it difficult to connect with the global economy. However, Payday, a fintech startup that provides cross-border payment solutions and a virtual card for its global users, is looking to change this.

The company has just unveiled the 3.0 version of its super app, which aims to further connect Africa to the world and make cross-border payments much easier. For the last 20 months, Payday has been a neobank for African professionals, providing a remittance app that enables swift borderless online payment services for Africa, connecting its users with vast opportunities around the world in split seconds.

Payday 3.0 has more features than ever before, including a virtual USD card with both Mastercard and Visa options, access to more currencies like USD, GBP, EUR, and CAD, a currency swap feature, an option to add your account details to platforms like Deel to receive your salary in minutes instead of days, and a few other features. With these additions, Payday is giving its users a more compact experience for receiving, sending, and spending money without limitations.

One of the major benefits of Payday 3.0 is that it's helping to solve one of the most significant barriers to entry for many Africans: access to reliable internet. While many traditional banking channels have been rendered ineffective due to CBN policies in Nigeria that place low limits on international transactions.

Payday has stepped in to make it easy for users to pay for services like Starlink and bring broadband access to all of Nigeria and has processed over $300,000 in payments in less than two weeks. As demand for faster and more reliable internet access grows in Africa Payday is helping to bring broadband access to all without the traditional banking channels that have become barriers to access.

With the ability to send and receive money across borders in a more streamlined and secure way, Payday is helping to connect Africa to the rest of the world. And with its innovative features, it's quickly becoming the go-to platform for anyone looking for a reliable and secure way to transfer money globally.

Payday founder, Favour Ori, said the company's mission has always been to provide financial services to Africans everywhere, and with the unveiling of the 3.0 version, they are a step closer to actualizing that goal. Payday is building a one-stop platform to help solve Africa's financial services barrier, including other services outside of remittance.

Furthermore, Payday is going live for Starlink in Rwanda soon, This development is significant as it brings modern fintech to more people and helps to bridge the digital divide. With Payday's innovative features and its commitment to providing financial services to Africans everywhere, it is well-positioned to become a driving force for economic growth and development on the continent.

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