September 23, 2024

FINTECH MAGAZINE AFRICA

Fintech eyes in africa

PayRetailers Expands into Eight African Countries, Strengthening Financial Inclusion and Cross-Border Payment Solutions

Latin American fintech company PayRetailers, known for simplifying online payments for specialized global customers, has expanded its operations into eight additional African countries. The latest expansion includes Nigeria, Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, and South Africa. This follows the company’s recent launches in Rwanda, Zambia, Uganda, and Tanzania just three months ago, bringing PayRetailers’ presence to 12 African countries.

This expansion enables businesses in these regions to access major local payment methods, including MPESA, Airtel, and MTN, offering a scalable and user-friendly solution to grow their regional presence.

Jonathan Vintner, Global Head of Sales at PayRetailers, emphasized the importance of this expansion: “Expanding into eight new markets is a significant milestone for PayRetailers as we continue to bring tailored payment solutions to diverse regions. Africa is a dynamic and varied continent with distinct payment preferences across regions. For example, in Kenya, we’ve integrated M-Pesa, the leading mobile money provider, while in South Africa, we offer both card and cash solutions to meet local needs. All of this is integrated into our API, giving merchants seamless access to payment methods across Latin America and now Africa.”

PayRetailers’ expansion further solidifies its ability to unlock new growth opportunities for customers by providing easy access to emerging markets. Existing clients can leverage these new regions without additional integration, as everything operates via the same API.

With many areas in Africa underserved by traditional financial systems, PayRetailers plays a key role in advancing financial inclusion across the continent. The platform supports businesses on their growth journey by tailoring payment solutions to the specific needs of various industries.

PayRetailers also offers a streamlined approach to cross-border payments, simplifying the complexities of international transactions. This helps businesses reduce operational costs while empowering them to thrive in emerging markets. Whether expanding into new regions or strengthening local operations, PayRetailers provides the tools and support necessary for success, contributing to the growing financial ecosystem across Africa.

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