Bluechain expands into Africa

Universal request-to-pay platform hires Yoku Korsah to lead Nairobi subsidiary

NAIROBI, Kenya / LONDON – 29 August 2017 – Bluechain, a universal request-to-pay (RtP) technology that secures data transactions through a single-user mobile experience across payment channels, announced the opening of its Nairobi, Kenya office, naming payment expert Yoku Korsah as Managing Director. This new location marks the launch of Bluechain (Africa) Limited, a wholly owned subsidiary of Bluechain Payments Ltd (UK). Bluechain’s ability to provide financial inclusion for the unbanked and create a cash-lite society will prove a continued benefit to African economies, driving commerce across trading partners through all channels of payments.

“Bluechain is expanding. We’re pleased to welcome Mr Korsah to lead the Nairobi-based subsidiary as Kenya has become the crown jewel of mobile payments worldwide,” stated Michael J McAuley, CEO of Bluechain. “The African market has responded well to Bluechain’s financial technology innovation for all types of payments to both merchants and consumers, whether in-store, on-line, P2P or across billers, enabling Bluechain to be a driving force in continued economic development.”

Yoku Korsah is the Managing Director of Bluechain Africa. He has been involved in payments, consulting and advisory services for more than 25 years. Korsah was Chief Operating Officer of the Ghana Interbank Payments and Settlement Systems Limited (GhIPSS), which he helped to set up and run on behalf of the (central) Bank of Ghana. GhIPSS consolidated the country’s major retail payment systems that were directly under the control of the central bank.

Korsah began his career at KPMG and became a partner and head of the Advisory Practice in Ghana. He is a Fellow of the Chartered Institute of Management Accountants (FCMA, CGMA), holds an MSc in Business Systems Analysis and Design from City University, and provides specialised consulting and advisory services around technology and performance improvement.

About Bluechain
Bluechain (www.bluechain.com) is a next-gen universal payment platform that enables central payment networks and financial institutions to streamline merchant and consumer transactions. Using existing infrastructures, Bluechain leverages a new security paradigm that eliminates the need for exposing cardholder data during a transaction and delivers one app for all payments. Bluechain reduces the major causes of card fraud and breaches, increases mobile payment adoption and lowers fees and costs.