South African digital asset platform @LunoGlobal has acquired Kenyan cross-border payments company @GTXNGlobal in an undisclosed deal, adding licensed payment infrastructure to its growing business services offering.
Read more: https://t.co/b1YQQYpihO
GTXN's licensed rails now power @LunoGlobal 's cross-border payments for 15M+ customers across Africa & SEA - one provider, one settlement flow, instead of the old correspondent-bank chain.
Congrats again @danbabbles!
@LunoGlobal has acquired @GTXNGlobal, expanding its cross-border payments infrastructure.
The deal aims to give businesses faster, lower-cost payments between developed and emerging markets through one regulated route.
#AfricaFintech#CrossBorderPayments
Luno (@LunoGlobal) has acquired Kenyan cross-border payments firm GTXN (@GTXNGlobal) to strengthen its foothold in East Africa.
The deal comes a year after the crypto exchange returned to Kenya, ending a decade-long absence that began in 2014.
Introducing @GTXNGlobal, now part of @LunoGlobal.
We’re building cross-border payments infrastructure for enterprise clients operating between developed and emerging markets.
GTXN combines licensed collection and payout infrastructure with Luno’s established regulatory footprint and liquidity, creating a more integrated settlement flow across supported corridors.
Led by CEO Dan Kleinbaum, GTXN operates as Luno’s cross-border payments capability.
Read the full announcement: https://t.co/JamsdT7TZq