Revolutionizing Cross-Border Payments and Settlements Across The Continent

Mula Finance
2 min readJan 17, 2022

--

Africa is home to some of the world’s fastest-growing economies, and with a growing demographic that is largely youthful, financial services and technology are in need of disruption.

MULA Finance, a new player in the Fintech space is already shaking up the industry with our unique approach to cross-border payments.

By leveraging on the power of blockchain technology and smart contracts, we are making it easy for small businesses to connect with new customers around the African continent.

SMEs in emerging markets are faced with challenges when it comes to payment and settlement across borders. As a result, domestic suppliers are left unpaid while buyers have to pay high fees for international wire transfer payments that may take up to several days for transactions to complete. The players’ dependency on slow or expensive legacy service providers is an issue that affects both sides and prevents both parties from reaching their full growth potential.

To resolve this issue, we are building a favorable environment for thousands of merchants, small businesses, and customers in Africa to flourish and gain access to a wide range of financial services in an ever-changing and competitive global economy.

Mula Finance empowers every individual user of the mobile phone to transfer money cheaply, instantly, and securely without depending on any banking infrastructure or agent network for making payments across border in Africa.

Mula Finance gives users the power to unite themselves into an interoperable world of mobile money.

The MULA token is the asset that will be used on our platform for transferring value between different wallets in different countries.

The MULA wallet will gives all African currencies a quick and easy conversion to Mula tokens. So users always have options when there is a need for exchanging their money into something else or back out again without having any issues whatsoever.

Our focus at Mula Finance is to revolutionize how money is transferred and sent across borders in the continent.

--

--

Mula Finance
Mula Finance

Written by Mula Finance

The first African Based decentralized money transfer system that leverages the use of blockchain technology.

No responses yet