Luno acquires Kenyan payments provider GTXN

Luno acquired GTXN, a Kenyan payments provider, adding infrastructure for cross-border payments. The deal gives Luno a way to handle business payment settlement directly through the company it bought.

The acquisition brings licensed capabilities in Kenya into Luno’s payment operations. Innovation Village | Technology, Product Reviews, Business says GTXN is also a licensed fund manager and explains how the deal gives Luno direct collection and payout infrastructure. Condia focuses on the expansion of Luno’s enterprise payment capabilities. WeeTracker reports the acquisition as a step to strengthen Luno’s cross-border payments infrastructure.

For the earliest account, read Condia on how GTXN expands Luno’s enterprise payments. Innovation Village | Technology, Product Reviews, Business offers detail on the direct collection and payout rails, while WeeTracker gives its account of the acquisition’s infrastructure focus.