Qenta launches payments, risk management, tokenization in emerging markets

Rick Steves

Qenta has unveiled an enhanced and integrated suite of financial solutions with a focus on Africa, Latin America, Asia Pacific, and Central and Eastern Europe. The proprietary enterprise-grade blockchain offering includes tokenized assets, multi token wallets for digital banking, cashless payments, and commodity risk management services. The firm aims to solve access, connectivity, compliance, and […]

Qenta has unveiled an enhanced and integrated suite of financial solutions with a focus on Africa, Latin America, Asia Pacific, and Central and Eastern Europe.

The proprietary enterprise-grade blockchain offering includes tokenized assets, multi token wallets for digital banking, cashless payments, and commodity risk management services.

The firm aims to solve access, connectivity, compliance, and foreign exchange challenges facing many businesses in the emerging markets.

High-growth emerging markets comprised a significant portion of Qenta’s 2021 revenue, with this segment expected to be a majority contributor to total revenue by 2026.

Intersection of capital and risk management, payments, and tokenization

Brent De Jong, Chairman and CEO at Qenta, said: “Many businesses around the world do not have access to the full range of financial services required to be truly successful beyond local borders and piecing together services from individual providers can be a time-consuming process. Qenta brings previously unrelated services together in a single platform making a suite of technologies and solutions accessible to businesses in emerging markets. For example, farmers using our risk management and foreign exchange services are now able to access digital currencies for programmable money and payments capabilities. They can also obtain earlier financing through blockchain-based supply chain tracking. With Qenta, users can now reap the efficiencies of converging technologies”.

Kerim Chouaibi, Managing Director of Qenta Payments, commented: “Qenta is uniquely positioned at the intersection of capital and risk management, payments, and tokenization to offer full financial connectivity between global markets and small and mid-sized businesses in emerging high-growth markets. As small and mid-sized businesses in developing nations grow in size, and their needs evolve, they can easily and seamlessly take advantage of all these offerings, while remaining within the same platform.”

The blockchain-powered Qenta Operating System (QOS) supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.

Its smart contract tools allow users to customize financial transactions of any size and complexity from cross border remittances to collateralized borrowing and lending to linking payments to the provenance and delivery of goods, the firm stated.

Qenta operates as a money services business in 33 U.S. states and holds financial authorizations in other key markets. It conducts more than 1.4 million transactions per month and has more than 5,000 active customers.

QOS is now accessible by third party developers to create additional distributed applications with the knowledge that the Qenta client base meets stringent regulatory requirements.

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