Taptap send france3/10/2024 ![]() ![]() We understand we have incited curiosity and now about this company making inroads to Kenya (third largest remittance destination in Africa) Nairobi City, Kenya Taptap Send went viral in Ghana and its growth correlates with direct remittance. With social elements in its engagements, the company has sprung from a little-known money-sending app to a widely used remittance system. This is a VC-backed (including by Reid Hoffman) app-based solution. The story on the rise in diaspora remittance cannot be complete without a mention of a new player in the money transfer market Taptap Send. ![]() Ghana has changed its policies to favor remittance as they have realized it is a potential economic game-changer. The Chinese economy according to most experts was ignited by diaspora remittance and the same is becoming true for Africa. ![]() As a result of the ongoing pandemic, more than ever Africans have leaned into providing support back home through affordable digital finance. The Central Bank of Kenya notes that on average Kenya received more thaMoney-transfer with Taptap sendUSD 200,000 monthly, which reached its peak in June 2020 at USD 288,544. Remittance makes up a significant part of Africa’s main source of foreign exchange, contributing to above 5% of GDP in 15 African countries. Secure delivery of money to your mobile wallet or bank in seconds at cheaper rates is now assured. There is the emergence of digital platforms like Taptap Send which tap the modern technology. It does not have to require one to go in person to an old-school station. Neither does it have to impose security layers like secret words sent via telegrams. Today sending money does not have to be expensive. ![]()
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