Grey, a leading FinTech organization that provides African to access global banking services to receive and make foreign payments or convert currencies, all in one place has inked a collaboration with Cellulant a one-stop payment platform for businesses across Africa for expanding its services across East Africa.
The business expansion of Grey will kick off in Kenya, and it will bring solutions to the issues of sending and receiving money across the globe. The Y-combinator funded FinTech start-up is known for providing hassle-free and quick international payments. Cellulant is the payment processing for Grey enabling thousands of Grey’s customers to access payouts in real-time.
Instant currency exchange service of Grey helps small businesses, remote workers, freelancers, and content makers to access virtual global bank accounts for free to enjoy smooth payment services.
Young Kenyans across Nairobi now consider digital platforms to access work in the fast-expanding gig economy. The online gig economy is run by a growing young workforce, widespread internet and smartphone use, and the widespread use of mobile money. With Africa’s youngest workforce and high unemployment rates, internet gig labour offers alternative and accessible employment alternatives as well as a road to economic prosperity for the continent’s young people.
Grey found its roots by its founders in 2021, who wanted to aid an easy-to-use exchange to local currency service to Nigerians and enable them to access the foreign currencies in their accounts.
Kenyans can be now paid in their select foreign currency and withdraw directly to a local bank account or M-Pesa using the services of Grey. Even foreigners, Grey allows such travellers to convert their currency into Kenyan Shillings as well as withdraw to a local bank account or pay for services using the M-Pesa app.
Grey payment solutions are now accessible in Nigeria and Kenya with this collaboration using its website, and soon an app will be launched.