Yesterday in Nairobi, Kenyan payment solution provider PesaPrint signed a licence agreement that will see Bluechain rolled out to over 5 million users in Kenya in the next 5 years. Under the licence agreement, PesaPrint will white-label the Bluechain payments app and will be responsible for in-country marketing to merchants and consumers.
Apart from securing an important revenue stream in licence and transaction fees, the agreement also removes significant overheads for Bluechain, freeing up critical resources needed to develop a growing list of opportunities with national switches in Africa, Asia and Europe.
Reaching revenue is an important milestone as we prepare to go live in Kenya, Vietnam and the UK later this year. We expect to sign similar agreements in the coming months that will consolidate our revenue position.