- Devdraft targets Africa’s expensive cross-border payments.
- High fees and regulatory hurdles threaten expansion.
LUSAKA, ZAMBIA — A Zambian entrepreneur is betting that dollar accounts and stablecoins can make cross-border payments cheaper for Africans, but the promise faces a difficult test.
Salifyanji J. Namwila, 24, co-founded Devdraft, a US-based fintech offering international collections, currency conversion and local payouts. Its bid for African customers comes as transfer fees erode money families and businesses depend on.
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