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“Currently valued at nearly $13 trillion, the global travel industry sees only 30 per cent of its bookings in Africa conducted online, considerably lower than the global average of 50 per cent. Wakanow is at the forefront of changing this dynamic in a market with significant growth potential,” the company said in a statement.
The statement explained that the partnership was facilitated by Wakanow’s travel fintech subsidiary, Kalabash, dedicated to revolutionising the payment experience within the travel industry across Africa.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.
“Their strong presence and expertise within the continent, alongside their scalable solutions, made them an ideal partner. We are eager to accelerate our growth with the support of dLocal’s robust platform and team,” he said. “Offering local payment options not only simplifies transactions but also makes global travel more accessible and convenient for millions across Africa, enhancing the customer experience and opening up new markets for business.”