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Africa's fast growing trillion dollar cross-border electronic payment market provides unique opportunities for Nukkleus to expand its global footprint and DRFQ's transaction volume.
Nukkleus Inc. (NASDAQ:NUKK) and its subsidiary, Digital RFQ (DRFQ), are excited to announce a new collaboration with Tantel Group to expand their footprint in the rapidly growing African B2B payments market, which the World Bank estimates to be valued at over $1.5 trillion.
This collaboration aims to address the challenges of costly, slow, and unreliable cross-border payments in Africa, factors that have hindered economic growth in the region. By synergizing DRFQ's innovative technology with Tantel Group's local expertise, the initiative seeks to revolutionize the payment infrastructure in the region, enhancing transaction efficiency, reducing costs, improving reliability, and overcoming FX limitations.
Emil Assentato, CEO of Nukkleus commented: "Our integrated approach prioritizes execution speed and privacy, fostering the growth of online transactions and digital wallets while reducing friction in Africa's payments landscape. As Africa's electronic payment market continues to grow, this collaboration with Tantel Group represents a significant step in our strategy to expand our services and influence across the continent, which we anticipate will result in substantially increased transaction volume for DRFQ."
Posted In: NUKK
