Why Are Cross-Border Payments So Hard?

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  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 26

  • @sokoyaphilip6058
    @sokoyaphilip6058 7 місяців тому +4

    I love how Benjamin is honest and open with His answer.

  • @godwinemanuel4546
    @godwinemanuel4546 7 місяців тому +2

    26:55 is a fascinating point... considering African trade with China alone is more than 30%.....

  • @ChiTheAesthete
    @ChiTheAesthete 6 місяців тому +4

    Building a travel tech in Africa company and capturing cashflows of users scares me. Was just talking to my Finance Officer about how we will overcome this hurdle

  • @KinyanjuiNjoroge
    @KinyanjuiNjoroge 7 місяців тому +3

    Nala: productize your relationships with FIs and be a market maker to fix the reliability issues (treasury, ops etc.), Use same API / data integrations to adjust exposure thresholds dynamically with FIs...but, tonnes of assumptions from my end. Benji is a beast! Endelea vile vile.

  • @engrgit
    @engrgit 7 місяців тому +3

    Thanks for this enlightening episode about the cross border payment issues.

  • @theafricanartconnectmumaki1516
    @theafricanartconnectmumaki1516 7 місяців тому +1

    Loved this conversation we are building a fintech in Africa and i couldnt agree more every point

  • @kinuthiasteve4505
    @kinuthiasteve4505 3 місяці тому

    I remember I wanting to solve cross boarder money transfer to a supplier in Uganda. Once I saw what needed to be built and from the banking side. I just gave up 😅

  • @Coach_Mick
    @Coach_Mick 7 місяців тому +1

    Amazing stuff! Daniel is a G :)

  • @justiceessiel6123
    @justiceessiel6123 7 місяців тому +4

    Met Benjamin and he told me to get Customers

  • @solomon7000
    @solomon7000 4 місяці тому

    I really like the last segment

  • @content_ai_
    @content_ai_ 7 місяців тому +2

    I have been trying to get stripe from Tanzania for my saas, and I have no idea what to do..can someone help?

    • @francismaina8754
      @francismaina8754 7 місяців тому

      I don't think Stripe is available in TZ, am not sure. Check on their site. Am from Kenya, and in my saas I use Paystack to process card payments. There are other African card processing companies you can look into

    • @anelemathaba4684
      @anelemathaba4684 7 місяців тому

      Am in Swaziland and I have the same problem

    • @agangmaphopha2707
      @agangmaphopha2707 7 місяців тому +1

      Have you tried paystack?

    • @anelemathaba4684
      @anelemathaba4684 7 місяців тому

      @@agangmaphopha2707 I tried it it's not available in my country

    • @aberba
      @aberba 7 місяців тому

      I'm sure there are existing solutions, just not popular in those countries. Ask tech intepreneurs in your country.

  • @iNSPIREZAMBIAMAGAZINE
    @iNSPIREZAMBIAMAGAZINE 7 місяців тому +2

    Cant use Nala in Zambia 🙁

  • @amyp777
    @amyp777 7 місяців тому +1

    Currently tackling asset financing 😊

  • @RichardKusiima
    @RichardKusiima 7 місяців тому +1

    Quick thought, its either you are an entrepreneuer in this space or merely someone thats enterprising but never both!
    I shall leave it at that!!

  • @MansaKimani
    @MansaKimani 7 місяців тому +1

    💪🏾

  • @SoloJetMan
    @SoloJetMan 4 місяці тому +1

    wasn't bitcoin and Cryto supposed to solve this?

    • @meejay100
      @meejay100 4 місяці тому

      Then they put in legislation to ban it in Nigeria. Not sure if that has changed. But I found it so difficult to recieve payments from Africa, while it is so easy to send.

  • @lovethemosthighandlive
    @lovethemosthighandlive 3 місяці тому

    Cryptocurrency is going to take over and make a lot of us rich.

  • @acecardinal
    @acecardinal 5 місяців тому

    The banks have to be bypassed!
    This video talks about using Stable coins as an alternate route to the traditional banking system:
    ua-cam.com/video/wz-7xW_lJ3U/v-deo.htmlsi=iCSK2JDpCR_ijSxL
    The banks have no incentive to change unless we compete with them and create alternative routes and payment systems. They don't want fintechs to succeed and take their business, so you can't win by partnering with them, you have to go around them.