Liberia launched a brand new cellular switch service referred to as Kanacash to ease transaction difficulties.
By: Emmanuel Wise Jipoh
Monrovia, Liberia, November 11, 2024 – A Liberian-owned cellular switch enterprise, Kanacash, rebrands right here with a brand new function aimed toward lowering difficulties in day by day monetary transactions and easing cash transfers from individual to individual, together with commodities the world over.
Global Chief Executive Officer Spencer Biah says Kanacash has a brand new remittance function that has included Liberia to offer high quality service to the general public.
According to him, the imaginative and prescient happened in 2021 amid anger and difficulties he confronted whereas sending cash to his mom in Liberia. He is now right here to handle these wants whereas increasing globally.
“Kanacash, as you see it, was born out of anger; I was sending money to my mom, and the sending was difficult, so I decided to establish Kanacash from the word palm kana – seeds from palm nut and fruit of a palm tree,” he explains.
Mr. Biah continues, “We wanted Liberians to learn how to move money around; besides, we are here to solve the financial problems that are causing the country trouble.”
He says the brand new remittance function will make easy cross-border cash transfers a lot simpler, with affordable service fees that might be inexpensive to prospects in 95 nations and past.
He says the Kanacash App is a assured and protected solution to maintain and journey with cash worldwide whereas finishing up monetary transactions with none stress.
Business officer Josiah Prince Toe discloses that Kanacash has expanded with its new function to 95 different nations and is at the moment exploring the United States corridors.
He names the nations that transacted with Liberia as Ethiopia, Morocco, South Africa, the United Kingdom, Norway, Sweden, Pakistan, Senegal, Togo, Turkey, Ghana, Rwanda, the Philippines, and Singapore, amongst others.
Toe provides that the brand new function expands monetary companies, permitting prospects to obtain the app, get monetary savings, and shortly entry it with none confrontation.
Country Manager Madam Passion Dayocollins describes Kanacash as glad with enterprise transactions.
She notes that cellular software innovation offers a medium for cellular cash transactions within the easiest type from Liberia to Western nations.
Liberia has a number of different cash switch companies, comparable to Western Union, MoneyGram, and so on., however the coming of Kanacash will change the dynamics of digital cash switch and different companies. Editing by Jonathan Browne
