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With entrepreneurs and businesses bleeding technology the DafriGroup stirred up mixture of tech and resource to present to you “The Digital Bank of Africa” better known as DafriBank Limited. The latest division of DafriGroup PLC is Africa’s pioneer digital banking solution to assist cyber entrepreneurs with digital monetary transactions across the continent.

The Digital Bank of Africa (DafriBank) which expected to begin operation in late November 2020 is set to provide a uniquely African solution to African problems. The online bank was created to offer ordinary Africans the opportunity to carry out financial transactions directly on their cell phones, tablets or over the internet.

DafriBank cuts out red-tape and makes the banking process super-fast, seamless, and secure. This can be a force multiplier for the continent’s entrepreneurs. “Banking with DafriBank will allow entrepreneurs to concentrate on their business activities — without having to spend hours visiting brick and mortar financial institutions and waiting in line to carry out transactions” the company said in a statement.

Traditional banks are falling short in delivering the required level of service to their digitally based entrepreneur customers. They are bogged down by their conventional approach and legacy computer systems. DafriBank’s digital-only platform is a refreshing change.

Web https://t.me/DafriBank

This revolutionary digital bank project will also target the unbanked and underbanked in Africa.

DafriBank's upcoming STO will be facilitated by DafriExchange which is set to commence operation in the fourth quarter of 2020. Every DBA holder and prospective DBA investors are required to open an account on DafriExchange which will have DBA as its native tokens and will be used for fee payments within the DafriExchange will also be integrated into the banking processes of DafriBank. The platform will redefine how exchanges operate by attracting more traders via our various product offerings. We will expand the pool of participants by fostering greater market liquidity thereby contributing to its overall growth.

Whitepaper: https://www.digitalbankofafrica.org/static/media/Dafribank-Limited-DBA-Whitepaper.b001294c.pdf

DafriBank is a multipurpose African bank that explores an easy and better way to save, make payments, manage customer’s money and business anytime, anywhere. The traditional banks are finding it difficult to cope with the demands of digitally-focused modern businesses, which has limited their growth. DafriBank solves this problem by providing exceptional digital banking services that are fast, secure, and cost-effective. Its goal is to democratize financial services, bring people out of the spiral of the traditional banking system and encourage people and businesses to join and prosper in the global economic scenario.

DafriBank supports personal accounts as well as business accounts. The personal savings account is the account helping customers save towards financial security and peace-of-mind, and business account helps customers manage their day-to-day banking and unique business needs such as investing, making hitch-free 3rd party transactions, target savings, and fast-tracking international transactions.

Besides providing the existing services in an exceptional manner, DafriBank is providing avenues for the integration of newer technologies like AI, IoT, Blockchain and Digital Currency, so that not only is it up-to-date but also is well prepared for the ever-changing future needs and requirements.

DafriBank has a firm belief and commitment to provide an empowering, enabling and accessible digital society, which leaves no one behind. In this ever-changing world, it is working to imbibe the culture of connectivity, digital skills and relative products which can help to close the digital divide. DafriBank also has a fundamental belief that there is a power in the connectivity and digital services to strengthen the capacity of economies.

DafriBank, with its unique financial solutions targeted at Africans embrace cuttingedge technology and models as tools to effectively streamline banking processes, making it accessible to everyone and elevating the user experience. The company strives not just to create solutions for the wealthy but also for the average African. DafriBank’s digital bank represents an ultramodern financial boutique that unites several services ranging from traditional banking services including savings, deposits, payments, and loans to niche services such as cross-border remittances; all of which will be offered at competitive rates with speed, ease-of-access, and bank-grade security at the heart of its operations.

Poverty and lack of resources are chief amongst the issues impacting the banking system in Africa today culminating in the lack of sustainable banking solutions that meet the people’s needs. Some important factors that influence bricks and mortar banks are: cost and lease, staff salaries, employee training, cash distribution costs, and the plethora of other expenses that has made it near impossible to offer cost-effective services to customers who have been forced to seek out alternatives.