Launch HN: Nala (YC W19) – Internet-Free Mobile Payments App for Africa

In much of Sub-Saharan Africa, people make payments using mobile money, an electronic wallet service that is typically tied to a user’s cell phone carrier and sim card. Our product serves as a central platform where users can initialize payments for all of their mobile money accounts (having multiple sim cards and mobile money accounts is extremely common in Sub-Saharan Africa as inter-network transaction fees are lower than out-of-network fees), and for the first time ever, access their transaction histories through our rich transaction tool. As Sub-Saharan Africa mobile money usage proliferates ($860+ million in daily transaction values and close to 400 million mobile money accounts), smartphone penetration approaches 40%, and the fastest growing middle class of any continent comes into its own, we believe there is massive potential to transform and shape the African payment space.

Source: news.ycombinator.com