Ghanaian fintech startup PayBox has officially launched Buddy, a dynamic financial platform designed to empower young Africans with inclusive financial freedom. Buddy aims to reshape the financial landscape across the continent, providing innovative solutions for cross-border payments and fund transfers in more than 23 African countries, particularly for SMEs.
Leveraging cutting-edge technologies like blockchain and artificial intelligence (AI), the Buddy mobile app addresses common financial challenges such as inflation, high transaction fees, and complex cross-border payments, while also enhancing investment returns.
The platform introduces Buddy AI (Beta), which offers users the ability to engage in meaningful conversations with their finances, helping them gain insights and receive guidance on managing their financial health.
“Take a second to close your eyes – envision Buddy as PayPal or Monzo for Africa, with blockchain capabilities linked to a mobile number. To this end, Buddy functions as both a mobile app and a decentralised app, offering a user-friendly interface and giving you the control to manage personal and business finances,” PayBox explained.
Buddy’s innovative approach represents a significant step towards financial empowerment for young Africans, providing them with the tools to achieve financial independence and growth in the digital age.
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