African markets

Web3 technology company Reltime enters Southern African markets that could reach over $80 billion in revenue by 2025

Innovative and inclusive strategic partnership to empower people and businesses while accelerating and leading the eruption of Web3 and Metaverse fintech in the region

OSLO, NORWAY, Sept. 21, 2022 /EINPresswire.com/ — Oslo and Johannesburg, Sept. 21, 2022— Reltime, the global Web3 and Metaverse fintech for good business, has entered the important markets of Southern Africa through its collaboration strategic with Khumalo and Mabuya Chartered Accountants (KnM), a proudly pro pan-African financial services company.

Relitime Africa Pty. Ltd., South Africa, the continent’s largest and most mature financial services market, is already rapidly rolling out Reltime’s solutions across the rest of Southern Africa. Initially, Reltime Africa Zambia Ltd. will become fully operational later this month.

McKinsey analysis estimates that the financial services market in Africa could grow by around 10% per year, reaching around USD 230 billion in revenue by 2025 (USD 150 billion excluding South Africa). While fintechs have made significant inroads in Africa, especially in wallets, payments and distribution, there is still plenty of room for expansion. In Africa, only three countries have real-time payments and the necessary rail payment infrastructure, according to the analysis*.

White spaces are emerging in the market, typically in distribution, acquiring, lending and borrowing, advanced infrastructure as well as web3, with South Africa among the top ten countries in the world in terms of adoption of digital assets.

The Southern Africa region is one of Reltime’s Strategic Growth Markets (SGMs). The geographic area that Reltime Africa focuses on includes South Africa, Angola, Botswana, Comoros, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, Zambia and Zimbabwe.

“The timing of our strategic collaboration could not have been better,” said Peter Michel Heilmann, CEO of Reltime. “Together with our partners in Southern Africa, we are building a new movement in the region and around the world to change the way people and businesses interact and conduct financial transactions. The booming region is close to my heart since, As a child I lived and went to school in Ndola, Zambia We warmly welcome KnM and its leadership team to our rapidly growing family and congratulate KnM on its tenth anniversary.

“We are more than excited to embrace Reltime’s mission, vision and ambition in Southern Africa,” says Peterson Khumalo CA(SA), RA, Group Managing Partner, KnM, the leading professional services consultancy emerging, owned and operated by black people in South Africa. solidify. “This week we celebrate the tenth anniversary of KnM. Our new strategic partnership with Reltime is another reason to raise a toast to our colleagues, collaborators and business partners. Reltime has already generated strong interest in Reltime’s revolutionary FastTrack to Web3 from potential partners based in South Africa, Zambia and Eswatini. Through Reltime, we give them access to the exciting worlds of Web3, blockchain, metaverses and cutting-edge fintech solutions. We look forward to innovating in Southern Africa by integrating Reltime’s revolutionary technology and the Web3 financial ecosystem and, at the same time, bringing new jobs, inclusive growth and financial freedom to Southern African economies.

Among other solutions, Reltime will offer its FastTrack to Web3 to telecommunications companies, trustmarks, financial service providers and other potential B2B2C (business-to-business-to-consumer) partners, enabling them to build their own integrated solution in white label. , state-of-the-art Web3 financial ecosystem in three weeks.

Additionally, Reltime is currently developing and will soon launch its Decentralized Exchange (DEX), cutting out all middlemen and providing businesses, traders and producers around the world with attractive freedom and benefits through peer-to-peer (P2P) trading, exchange, pooling, earning as well as farming of digital assets, commodities, precious metals and currencies. The Reltime DEX could, for example, be used as a really easy-to-use platform for, say, fruit growers in southern Africa to trade their fruit directly with buyers on the other side of the planet, without interference from any intermediary.

Reltime is also developing the world’s first all-in-one Web3 and Metaverse biometric payment, ID and cold storage card.

“A business is not about making money,” concludes Peterson Khumalo. “It’s about creating value. The money will follow. With Reltime we found our perfect second half.

* Fintech in Africa: The End of the Beginning, McKinsey & Company, August 30, 2022 https://www.mckinsey.com/industries/financial-services/our-insights/fintech-in-africa-the-end-of -the beginning

About real time

Based in Oslo, Reltime is a global, disruptive, goal-driven Web3 and Metaverse financial technology for good business. Reltime’s mission is to enable people and businesses to thrive and be free in the New World, while protecting their identity and assets. It revolutionizes and transforms the way business and finance are conducted, payments are made and trade is conducted around the world. Reltime leverages its forward-thinking technology and ecosystem to create an inclusive New World for everyone, everywhere.

With complete Nordic trust, honesty and transparency, Reltime has built the world’s first Web3 financial ecosystem on top of its layer 1 blockchain, proof of authority. Reltime offers industry-leading white label B2B2C, Metaverse and Web3 solutions to telecommunications, financial service providers and other trusted partners. With wholly owned subsidiaries in Norway, Lithuania and El Salvador, Reltime has a worldwide license to hold digital assets on behalf of clients and third parties. Reltime’s goal is by 2025 for 100 million people and businesses to be financially free and do more with money by sending, receiving, withdrawing, depositing, borrowing, lending, earning, trading, staking, exchanging , interacting and transacting on the metaverse as well as in the real world.

Reltime’s Web3 and Metaverse products, services and solutions are available and supported in 150 countries.

A 24-page presentation can be downloaded at https://reltime.com/pitch and the 5.0 whitepaper at https://reltime.com/whitepaper.

#MoreThanMoney

About KnM

Headquartered in Sandton, the financial hub of Africa, and with offices in Cape Town, Durban, Richards Bay and Rustenburg, Khumalo and Mabuya Chartered Accountants is a professional services company and one of the leading accounting firms -black-owned accountants in South Africa. Leading a new front, KnM provides multidisciplinary services in the areas of audit, tax, consulting, technology, corporate finance and administrative support services to SMEs.

KnM is an exciting emerging force in South Africa that echoes the winds of change in the way central synergies bring together value-creating partnerships, which is the currency of the bargain regardless of client size. KnM’s vision is to reach and lead in all regions of Africa and alternative emerging markets through transparent governance in auditing and SME development. The values ​​of the company are: to act with integrity; liability is non-negotiable, thus taking personal responsibility for KnM’s actions; commit to achieving end results; treat all human beings and the environment with respect and dignity.

KnM’s online profile can be viewed at https://knminc.co.za/profile.html or at https://knminc.co.za.

For all media or investor inquiries, please contact:
Cornelia S. van der Laak, in charge of international relations
AS real time
Such. : +47 407 69 988
[email protected]

Peter Michel Heilmann, CEO
AS real time
[email protected]

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For more information about Reltime Africa, please contact:

Rabecca Siame
Head of business development in Africa
+27 78 031 8795
[email protected]

Cornelia S. van der Laak
AS real time
+47 407 69 988
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