Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement , the fintech firm claims its Minit Money application has demonstrated an ability to “enable foreigners living in South Africa to send money home across Africa to bank accounts or mobile money wallets at a competitively low cost.” Meanwhile, in his remarks following Centbee’s formal graduation from the regulatory sandbox, the firm’s co-founder, Angus Brown, spoke of “incredible” future growth in the remittance app market. Brown explained: We’re proud to have graduated from the IFWG’s inaugural regulatory sandbox and are aggressively scaling up our winning remittance solution. We expect to see incredible growth in the rem
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