Angala Financial Technology, a Nigerian firm, recently announced the release of its Payrail Agency mobile app, which allows entrepreneurs to offer branchless banking services to their customers. The app targets farmers as well as other rural operators of micro-, small and medium-sized enterprises – including those with low levels of literacy. Payrail Agency facilitates savings, payments, transfers, loans and insurance services. Angala’s other apps include Payrail Urban – a personal mobile money app – and Payrail Business. The firm has over 200 employees, but it has not released other data on its scale of operations.
By Adhya Singh, Research Associate
Sources and Additional Resources
Techcabal article
https://techcabal.com/2022/02/17/payrail-agency-partners-with-mercy-corps-to-revolutionize-financial-inclusion-in-nigeria/
Payrail homepage
https://payrail.co/
Angala Fintech profile on LinkedIn
https://www.linkedin.com/company/angalafintech/about/
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