With this new development, Starlink users can now use Payday’s platform to pay for their subscriptions in Rwanda. Payday’s innovative digital banking solutions aim to make digital banking accessible to all remote workers and professionals on the African continent while ensuring access to a fast and reliable internet connection.
Rwanda is making efforts to meet its targets for widespread internet connectivity and broadband reach across both urban and remote areas. In February 2023, Starlink announced that Rwandans could purchase its routers from the satellite communications corporation. This partnership with Payday is a significant milestone in Payday’s Pan-African and global expansion plans and a burgeoning working relationship as a payment processor for Starlink.
Payday CEO, Favour Ori stated that Payday’s mission is to launch across different countries in Africa with SpaceX’s Starlink. Payday customers in Rwanda will be able to use their virtual cards to pay for their routers and manage their subscription payments. They will also be able to send and receive Rwandan Francs (RWF) as well as USD, GBP, EUR using the Payday App. This latest launch is set to increase Payday’s customer base and establish a strong presence in Rwanda as well as the East African region.
Payday’s innovative digital banking solutions enable global payment processing from over 130 countries, allowing Africans to work remotely for international organizations and be paid and withdraw money in the currency of their choice regardless of location. With the country’s ambitious target of achieving 90% financial inclusion by 2024, Payday’s innovative banking solutions are expected to play a crucial role in achieving this goal.
Commenting on the development, the Acting Chief Investment Officer at Kigali Financial Centre, Jean-Marie Kananura said: “We are very happy to witness Payday’s continuous growth.
This is a testimony that Kigali International Financial Center has put in place a trusted framework for Rwandan-based startups to raise capital and scale up globally. Ahead of our Inclusive Fintech Forum in June, we aim to highlight these successes that will continuously position Rwanda as the home of fintech on the continent.”
Access to the internet is no longer a luxury, but a necessity for personal and economic growth. With this new partnership, Payday and Starlink are taking a significant step towards achieving financial inclusion and boosting internet connectivity in Rwanda.
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