Multigate gets regulatory nod to expand operations in Kenya
Kenya’s fintech payments space is set for a market upset after global firm Multigate secured an operation license to venture into the East African market. CNBC Africa’s Aby Agina spoke to the company’s CEO, Eghosa Nehikhare for more.
Thu, 21 Dec 2023 16:43:56 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Multigate's achievement of a major milestone by securing regulatory approval to venture into Kenya's fintech market.
- The strategic focus on offering digital solutions aligned with regulatory guidelines to cater to the East African region.
- The company's emphasis on collaboration with local partners and navigating market dynamics to drive innovation and enhance financial services in the region.
Multigate, a global fintech firm, has recently obtained regulatory approval to expand its operations into the East African market, particularly in Kenya. This move is poised to bring significant changes to Kenya's fintech payments space. In an exclusive interview with CNBC Africa, Eghosa Nehikhare, the CEO of Multigate, shed light on the company's strategic goals and plans for the region. Nehikhare emphasized that securing the operation license in Kenya was a significant milestone for Multigate, as it had been working closely with banking partners to achieve this feat. The approval enables Multigate to offer digital solutions in alignment with the regulatory guidelines of the Kenyan market. With Kenya being a key player in the East African region and a hub for international trade, Multigate identified it as a crucial market to penetrate. The company's experience in the fintech space positioned it well to navigate the market dynamics and collaborate with local partners effectively.
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