SITENAME Logo

Peers Exchange

Peer to peer money transfer platform

About Peers Exchange

PEers EXchange (PEEX) is an international peer-to-peer (P2P) currency exchange and payment platform. Our users, called PEEXers, are paired up strategically to help them avoid expensive fees from banks and other money transfer operators.

With 35 billion remittance transfers every year, the 30 million african migrant workers worldwide lose a total of $2.5 billion just to support their families back home. We primarily work in Africa, so for example, we will match someone sending USD to Cameroon with someone sending Central African CFA francs to America. PEEX is the first P2P exchange service in Africa. We allow our users to send money abroad and exchange at the mid-market rate. In many cases,

Peers Exchange can bring down these rates by 11 percentage points, meaning PEEXers only lose 1% of their payments instead of the typical 12% across Africa. A trial run was conducted through social networks in which the equivalent of $800,000 USD was exchanged in less than 1 year. This solidified the demand for a service like this.

Up next: A user beta test free of charge in Cameroon is ongoing using our mobile application . After the pilot, our official launch will be in Nigeria. Once we’ve established ourselves there, we will expand to Africa and worlwide


People & Team

Yannick Kenga

CEO peers exchange

Co-founder of peers exchange


Articles, Links, and Press

No articles or coverage yet.

Have a news story to share? Tell us about it.

BEAMSTART is a global business community with the aim of connecting people to opportunities. Expand your network, discover new possibilities, and explore a vast database of resources that can help you go further in your business and career.

 

Download the App

Never miss an opportunity again. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved (Legal).