Entrepreneurial effort provides innovative payment system for sustainable goals In Africa

According to the World Bank, Sub-Saharan Africa as a region is expected to grow at 3.9 percent in 2023 and 4.2 percent in 2024, with a recovery in global demand anticipated for 2023 as global shocks lessen as an impact. Even with the International Monetary Fund (IMF) pinpointing 2022 setbacks, which include food insecurity, and inflationary constraints, the region is righting the teetering with new capital inflows to increase local capabilities.

The region has a great deal of promise for future growth if the right educational and financial models are implemented to lift the individuals and raise the bar of opportunity. One such person doing his part is entrepreneur Jones Amegbor, the founder and CEO of PayAngel. He wishes to change the dialogue surrounding Africa for those in countries and abroad by providing a convenient and secure payment system designed to meet Africans’ unique needs worldwide.

Amegbor brings a wealth of knowledge and background to his present venture. After completing his MBA in Information Technology (IT), Jones worked in financial services in the UK. During his tenure at Barclays, he received several nominations and awards, including one for the Future Leaders Programme.

Originally from Ghana himself, Amegbor recognizes the area’s potential is vast, but unreliable payment systems account for significant losses. “Companies would not accept remittances due to huge fees, so people are forced to send funds to individuals instead, and all you can do is hope they use it for the intended purpose,” he says.