Africa is a massive untapped opportunity, especially in banking and fintech. The rise of digital wallets in Africa – 562 million customers, 28 billion transactions, $452 billion in value annually, marks a progressive step towards financial inclusion.
Crayon Data and Redington MEA will offer an innovative business model and an end-to-end platform for any enterprise wanting to launch a digital wallet or Neo bank. The platform combines Redington’s hardware, software, and mobility expertise and presence in 18 markets, with Crayon Data’s innovative maya.ai fintech software.
Crayon Data’s flagship platform, maya.ai, aims to cut through the data clutter that enterprises are inundated with. Using patented algorithms and machine learning (ML), maya.ai generates simple, easy-to-understand, and relevant insights based on non-personally identifiable information (PII) consumer data. This information allows enterprises to make informed business decisions to drive customer engagement. With this partnership, Redington will introduce the magic of maya.ai across financial services, telecommunications, payments, wallets, travel, and tourism in Africa.
Channel partners across Africa will be empowered to offer quick-to-deploy affordability solutions, supported by fintech platforms, e-wallets, and data analytics, which will allow products and services to be delivered upfront with customized payment options. By leveraging Redington’s partner relationships with Crayon’s innovative fintech solutions, it will be able to bring value to a wider range of customers, including consumers and enterprises across Africa. This partnership presents a wealth of new opportunities for our channel partners to better serve their customers with the latest technology.