Y9

Y9 Announces Strategic Partnership with the Algorand Foundation During the Decipher 2022 Conference in Dubai

Retrieved on: 
Wednesday, November 30, 2022
Turing Award, Economics, UN, Multimedia, Partnership, App Store (iOS/iPadOS), DAR, Sustainable development, MIT, Ecosystem, Sustainable Development Goals, African, Cryptocurrency, Y9

DUBAI and DAR ES SALAAM, Tanzania, Nov. 30, 2022 /PRNewswire/ -- Y9 Bank today announced a strategic partnership with the Algorand Foundation to integrate the Algorand blockchain into part of its suite of mobile offerings. The Y9 mission is to bring meaningful financial services to unbanked and underbanked populations, focusing first within Tanzania with a roadmap to expand to other Eastern and Western African markets. The integration of the Algorand blockchain will bring unmatched efficiency, security, and transparency to value exchange processed within Y9's mobile applications.

Key Points: 
  • The integration of the Algorand blockchain will bring unmatched efficiency, security, and transparency to value exchange processed within Y9's mobile applications.
  • Y9's current suite of services will include, among others, the Buy Now Pay Later short-term loans to finance everyday purchases.
  • "I have cared about issues of financial inclusion all of my professional life," said Algorand Foundation CEO Staci Warden.
  • Y9 has enduring relationships with the strategic go-to-market partners like mobile network operators, government institutions, and private sector businesses.

Y9 Announces Strategic Partnership with the Algorand Foundation During the Decipher 2022 Conference in Dubai

Retrieved on: 
Wednesday, November 30, 2022
Turing Award, Economics, UN, Partnership, App Store (iOS/iPadOS), DAR, Sustainable development, MIT, Ecosystem, Sustainable Development Goals, African, Cryptocurrency, Y9

DUBAI and DAR ES SALAAM, Tanzania, Nov. 30, 2022 /PRNewswire/ -- Y9 Bank today announced a strategic partnership with the Algorand Foundation to integrate the Algorand blockchain into part of its suite of mobile offerings. The Y9 mission is to bring meaningful financial services to unbanked and underbanked populations, focusing first within Tanzania with a roadmap to expand to other Eastern and Western African markets. The integration of the Algorand blockchain will bring unmatched efficiency, security, and transparency to value exchange processed within Y9's mobile applications.

Key Points: 
  • The integration of the Algorand blockchain will bring unmatched efficiency, security, and transparency to value exchange processed within Y9's mobile applications.
  • Y9's current suite of services will include, among others, the Buy Now Pay Later short-term loans to finance everyday purchases.
  • "I have cared about issues of financial inclusion all of my professional life," said Algorand Foundation CEO Staci Warden.
  • Y9 has enduring relationships with the strategic go-to-market partners like mobile network operators, government institutions, and private sector businesses.