Mauritius grants Treasury license to WeWire, allowing expansion of cross-border trade solutions
In the rapidly evolving world of fintech, one startup stands out as a game-changer for international trade: WeWire. The African fintech company, with headquarters in the UAE and operational bases in Ghana, Nigeria, Kenya, Uganda, UK, Canada, and Dubai, has recently relaunched as a global cross-border payment provider, boasting extensive worldwide payment rails.
With over 3,000 business users and operations in more than 80 countries, WeWire is poised to eliminate compliance delays and banking friction in international trade, a critical component of modern trade finance ecosystems. The company's new Mauritius Global Treasury Activities License further bolsters its global transaction capabilities, positioning it as a cross-border trade enabler.
WeWire's CEO, Eben Ghanney, emphasises that the license allows them to help corporations hedge FX risk, tap into liquidity, and unlock trade finance at scale. This move could reshape how businesses, especially in emerging markets, navigate international payments, potentially revolutionising the financial landscape.
The new license enables WeWire to further its mission of bridging African businesses with the rest of the world. The company's platform aims to simplify fragmented trades and rates, providing greater transparency and consistency in cross-border payments.
One of the key benefits of WeWire's service is its extensive global payment rails, enabling seamless international transactions across many countries and currencies. This feature, coupled with the company's focus on cross-border payments linked to trade, makes it a unique offering in the fintech sector.
WeWire provides treasury services to help businesses manage FX risk and liquidity, and it is the only African fintech offering fully integrated cross-border payments and trade finance tools under one platform. This focus on enabling smoother, cost-efficient, and scalable international financial flows for businesses is a critical component of modern trade finance ecosystems.
In summary, WeWire's key features include:
- Extensive global payment rails: Enables seamless, multi-currency cross-border transfers globally.
- Simplifies fragmented trades: Provides more consistent rates and clearer trade-related payment experiences.
- Focus on cross-border payments: Improves efficiency and transparency in international trade and finance.
These features enable businesses involved in international trade to make faster, more transparent, and less costly payments across borders, supporting smoother trade finance operations.
As WeWire continues to grow and expand, it is poised to eliminate international trading hurdles for African businesses, making global trade more accessible and efficient than ever before.
- WeWire's innovative approach in the fintech sector, with a focus on cross-border payments and trade finance, could potentially revolutionize the financial landscape, especially for corporations in emerging markets, as they navigate international payments.
- By providing treasury services that help manage FX risk and liquidity, and offering fully integrated cross-border payments and trade finance tools under one platform, WeWire's unique service aims to support smoother, cost-efficient, and scalable international financial flows, thereby bridging African businesses with the rest of the world, Contributing to a seamless, technology-driven lifestyle in global trade finance.
