Nukkleus Announces Collaboration Between DRFQ And Tantel Group To Expand Footprint In Africa
Portfolio Pulse from Benzinga Newsdesk
Nukkleus Inc. (NASDAQ:NUKK) and its subsidiary, Digital RFQ (DRFQ), have announced a collaboration with Tantel Group to expand in Africa's B2B payments market, valued at over $1.5 trillion. The partnership aims to improve cross-border payment efficiency, reduce costs, and enhance reliability in the region. Nukkleus's CEO emphasized the potential for increased transaction volume for DRFQ as a result of this initiative.
January 22, 2024 | 12:46 pm
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Nukkleus Inc. is expanding its presence in Africa's B2B payment market through a collaboration with Tantel Group, which could lead to increased transaction volumes and revenue for the company.
The collaboration with Tantel Group is directly aimed at enhancing Nukkleus's service offerings in the African market, which is expected to increase the transaction volume for DRFQ. Given the size of the market and the focus on improving payment infrastructure, this partnership is likely to have a positive impact on Nukkleus's short-term revenue and growth prospects. The CEO's positive outlook on the collaboration further supports the potential for a positive impact on the stock.
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