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Not entirely sure. But just to clarify, it isn’t purely a tech problem, but also a lower level banking infra problem. Two things to note: 1. Tunisian currency
by Cyph0n 3y ago
Not entirely sure. But just to clarify, it isn’t purely a tech problem, but also a lower level banking infra problem.
Two things to note:
1. Tunisian currency is tightly controlled by the central bank, which means it is very difficult to move currency out of the country. Therefore, you - as a fintech startup - would need to integrate with the local banking system and separately setup a legal pipeline to be able to move money out (e.g., to spend on infra costs, SaaS products, etc.).
2. Credit cards do not exist and debit cards are not widely used for payments; cash is still king. So any startup that wants wide market penetration needs to deal with cash at some level. It’s kind of a chicken and egg problem.