FinTech Alliance company Modulr will partner with Tanzanian startup NALA Money.
NALA Money enables secure, reliable payments between Europe and East Africa.
Through the partnership, it’s now an Electronic Money Directive agent.
It is launching its app in the UK for East African diaspora living here.
What does this mean?
NALA is currently planning to launch a “range” of financial services helping people manage money between the UK and East Africa. Some UK customers will be able to access the beta version of the product this month, which will allow transfers to Kenya and Uganda.