Payday, the leading Pan-African neobank issuing global (USD, GBP & EUR) accounts to Africans, has announced its re-entry into Rwanda, following the official launch of SpaceX’s Starlink in the East African country.

The re-entry into Rwanda marks a significant milestone in Payday’s Pan-African and global expansion plans, as well as its burgeoning working relationship as a payment processor for Starlink by SpaceX. Announced in February 2023, Rwandans can purchase Starlink routers from the satellite communications corporation, as the country looks to meet its overall targets for widespread internet connectivity and broadband reach across urban and remote areas.

Payday customers in Rwanda will be able to use their virtual cards to not only pay for the routers, but manage their subscription payments. As with customers in Nigeria, they will also be able to send and receive Rwandan Francs (RWF) as well as USD, GBP, EUR using the Payday App.  

Payday recently announced a $3M seed round aimed at securing operational licensing in the UK and Canada; while laying the foundation for entry into several other countries across Europe and Africa - beginning with Nigeria and Rwanda.

Commenting on the expansion, Payday's CEO Favour Ori said, "We are excited to expand our digital banking services to Rwanda as well as grow our partnership with Starlink. This not only presents an opportunity for us to play a significant role in driving financial inclusion in the country but also contributing to affordable internet connection regardless of location.”

Ori continued “Access to the internet is no longer a luxury, but a necessity for personal and economic growth. We believe in the importance of providing a payment solution that empowers individuals and businesses alike to connect to the digital world and unlock new opportunities for growth and development".

Founded in June 2021 in Kigali, Rwanda, Payday supports African remote workers, freelancers, business owners and digital professionals with frictionless, borderless payments. This enables global payment processing from over 130 countries, allowing Africans to work remotely for international organisations, and be paid and withdraw money in the currency of their choice regardless of location.
 
Acting Chief Investment Officer at Kigali Financial Centre, Jean-Marie Kananura commented on the Rwandian expansion, “We are very happy to witness Payday’s continuous growth. This is a testimony that Kigali International Financial Center has put in place a trusted framework for Rwandan-based startups to raise capital and scale up globally. Ahead of our Inclusive Fintech Forum in June, we aim to highlight these successes that will continuously position Rwanda as the home of fintech on the continent”.

With the country's ambitious target of achieving 90% financial inclusion by 2024, Payday's innovative banking solutions are expected to play a crucial role in achieving this goal. With this latest launch, Payday is set to increase its customer base and establish a strong presence in Rwanda as well as the East African region.

StraightGaay:
Igbo Amaka

YungDon:


https://www.legit.ng/business-economy/technology/1531761-nigerian-company-payday-launches-rwanda-spacexs-starlink/

Munzy14:
Paul kagame is doing a beautiful work in Rwanda.

Fast rising Economy.

Ease of doing business as well.

Security.

Things needed for a nation to develope.

Father4all:
People don't even know them in Nigeria

lexy2014:


because they have failed so many of their customers

YoungCabal:
Fake it until you make it really worked for the founder of this payday app, I remember some years back, Favor Ori had one scandal with not paying interns and instructors he set up for some projects, man apologized and left twitter, came back and rebranded. I'm happy for him sha, hope he doesn't mess up again this time

Father4all:
I don't understand bro

lexy2014:


but this payday is a mess. you put money in payday account, you wont be able to use it and you wont be able to remove it from the account. once chance app. you go complain, customer service go lock up. am sure Rwanda has better regulators to curtail clowns like payday

bluefilm:


Are you serious?

I was about to open a payday account.

Maybe, I should look for another alternative now?

EMDIEY:

Oh! I never knew he had such antecedent history. No wonder, he's paddling the same path tight now. This silly app they are marketing, if you fund mistakenly enter and you encounter issues, they won't respond to you in months. They have one of the most nonchalant customer care services in Nigeria at the moment. Atleast fix your service at home before expanding to another country. They can lock your funds for months without tangible excuse.
If any one doubts what I'm saying, check all their Twitter posts and barrage of complaints unattended.

Father4all:
People don't even know them in Nigeria

bluefilm:


Please can you suggest a better alternative to me?

I am in dire need of making some dollar payments.

lexy2014:


most importantly transparent leadership based on the rule of law and not "who know man" and connection. not the nepotism that we practice here and that will be full blown in the next admin