uqudo, UAE-based Fintech Joins Forces With Several Companies to Promote Digital Identity in Africa
In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region.
50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The projected rise in population over the following few decades will result in a sharp increase in smartphone penetration, which will increase access to financial services and products.
Fintechs have recognized the enormous growth potential in the continent as a result of greater financial inclusion, and many businesses are developing models specifically for Africa. A digital identity verification platform is essential to enable cross-border interactions given the fintech sector’s expansion.
In order to advance digital identification across the continent of Africa, uqudo, a digital identity firm that makes customer onboarding safe, effective, and affordable, has worked with various organizations in the region.
50% of the 1.3 billion people in Africa, according to the World Bank and the Africa Development Bank, are smartphone users. The predicted rise in population over the following several decades will result in a sharp increase in smartphone usage, which will increase access to financial services and goods.
Fintechs have recognized the enormous growth potential on the continent as a result of improved financial inclusion, and several businesses are developing models specifically for Africa. A digital identity verification platform is essential to enable cross-border contacts given the fintech sector’s expansion.
The varying identity requirements in various nations is a major issue that uqudo is addressing. Uqudo assists customers in navigating the identity space of their nations and neighboring areas as they scale by using a “think global, act local” philosophy.
The following countries are now using uqudo’s identification solutions: UAE, Bahrain, Qatar, Oman, Ghana, Senegal, Turkey, Nigeria, South Africa, Kenya & Sudan, with plans to launch them in Rwanda, Egypt, Morocco, Jordan, Benin, Tanzania, and Algeria in the coming weeks.
