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Nairametrics
Home Business News

Bundle Africa launches social payment app

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
April 24, 2020
in Business News, Company News
Bundle Africa launches social payment app
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Bundle Africa has launched a social payment application for cash and cryptocurrency transactions.

The Bundle app, which was formally launched in Nigeria on Thursday, will allow users to buy, sell, and hold fiat and digital currencies.

According to the founder, Yele Badamosi, the app was specially built to serve the need of the typical native African user who prefers “financial services delivered digitally via mobile apps as opposed to visiting brick and mortar bank branches.”

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This app launch is coming after the firm closed a financing round with Binance, one of the blockchain companies behind large cryptocurrency transactions.

(READ MORE: Wema Bank Plc announces notice of board meeting, closed period)

Badamosi, who is also a former Director at Binance Labs, added that the Bundle app is the “zero-fee solution” needed to facilitate Africa’s emerging digital economy, and is set to unify traditional fintech and open finance.

Bundle Africa launches social payment app

Bundle’s Chief Technical Officer, Taiwo Orilogbon said that the app comes at the right time to encourage the full exploration of the continent’s potentials in digital currencies, blockchains, and related applications.

“Currently, only 1.4 million people out of 1.2 billion people in Africa use crypto today. This is a worthwhile mission because making the blockchain ecosystem more accessible unlocks economic opportunity on and for the continent” Orilogbon said.


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Tags: Bundle AfricaYele Badamosi
Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

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Comments 3

  1. Paul Igbinobaro says:
    April 25, 2020 at 2:43 pm

    I searched for the app on Google play store but I didn’t find anything like it there, so where can I download the app from please?

    Reply
    • Mtahir says:
      October 13, 2020 at 2:20 pm

      Its now available or your use this link to to download

      Reply
  2. Helen says:
    January 15, 2021 at 6:32 am

    Please I have a problem in my bundle Africa account help me fix it. The daily transactions limit isn’t resetting and it keeps telling me user not allowed to perform transactions. I’m just getting sick please help me fix it

    Reply

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