Until 2020, digital banking was confined to banks having web and mobile apps, but the word now has a different meaning altogether. FinTech has given users a look into what is possible, the future of digital banking looks bright, but the unprecedented pace of innovation and shifts in consumer expectations demand a new level of agility and forward-thinking.

Introducing Benkiko, a fintech startup attempting to differentiate itself from competitors by introducing a better payment method that is cheaper, faster, and digital-first.

What is Benkiko?

Dubbed the digital bank for the digital economy, Benkiko is a digital bank that uses new and existing technologies to build financial infrastructure for the Digital Economy. Powering your digital lifestyle by enabling you to do more with your money online, instantly, and at very low fees.

Built on the stellar blockchain, Benkiko combines the advantages of cryptocurrencies to build with features that are focused to power the Digital Economy.

Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Financial institutions worldwide issue assets and settle payments on the Stellar network.

The digital bank enables you to deposit, send, receive and withdraw money instantly. Through cheaper transaction fees, instant transactions, and an easy-to-use interface, you can now transact, pay businesses, tip content creators and Do More with your money.

Benkiko is feature-packed for all your financial transactions needs, enabling you to pay online and physically, send and receive money from anywhere in the world at near-zero fees.

  • P2P powered Deposits and Withdrawals  —  Peer-to-peer deposits and withdrawals enable you to deposit easily through local payments methods such as Mpesa, other mobile money options, Bank Accounts, etc. Benkiko has payment methods available for 5 markets; Kenya, Nigeria, Ghana, Tanzania and Uganda.
  • Send Money  —  This allows you to send money to your close contacts or a given user via their Username.
  • Request  —  The feature allows you to request payment from another user easily through a Payment Request Link or a QR code. The link can be shared online by online shops, content creators and on click, a User can send money to the request seamlessly. The QR can be used for in-store purchases by printing it on the wall or in matatus where users scan and pay on the go.
  • Scan  —  Enables users to scan shop QR codes and pay easily.
    We’ll be covering each specific feature in detail and how they enable Benkiko to give your digital lifestyle a new exciting phase.
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Is Benkiko For You?

As more and more businesses become digital, and more opportunities to make a living for freelancers, content creators, and creatives emerge, there is a need for a Digital friendly bank one that can allow you to get paid easily online.

Benkiko makes sure if you’re working in the gig, freelance, and online small business spectrum you get a better payment method that is cheaper, faster and easy to use.

Benkiko Fees

Cheap has been mentioned quite a few times here, so how much are Benkiko fees? According to the Startup, the fees are tailored to be pocket-friendly and apply globally.


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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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