Xente Helps Africa’s Informal Sector Transit Into the Formal Financial System

Today in many companies, employees still manually submit and process receipts for reimbursement after spending. But with Xente, they can spend on company-issued smart Visa cards, with a configurable spending policy and automated, real-time reporting.

Xente Tech Ltd. is a Ugandan e-Commerce and Financial Services platform that offers utilities, travel, mobile, events, and mobile payments via a cashless ecosystem. The platform enables users and businesses to transact safely and reliably on any mobile device, anywhere in the world, using Mobile Money, VisaCard, and MasterCard.

Xente launched in 2017, intending to bring the informal sector into the formal financial system through a digital route. Its driving force is to create a cashless Africa that embraces digital payments over cash, starting from Uganda and Nigeria and scaling to other African countries.

Xente’s platform enables African companies, regardless of the industry, successfully launch, manage and transform into a digital cashless business to enable them compete favorably in the digital global economy. With a Xente account, businesses can pay online vendors, disburse money, manage team spending, accept client payments and access various other financial services without any hassle.