Pyvio and Kora Partner to Enhance B2B Cross-Border Payments in Africa
Pyvio, a Chinese fintech company focused on building Global financial services infrastructure, has announced a strategic partnership with Kora, aimed at providing seamless payment solutions for Chinese B2B e-commerce and media companies operating in Africa.
Cross-border payments in Africa continue to pose significant challenges for global businesses due to complex regulatory frameworks. The collaboration between Kora and Pyvio will enable Chinese e-commerce firms to access compliant and efficient payment systems across African markets.
Li Kai, CEO of Pyvio, expressed enthusiasm about the partnership, “Kora’s deep understanding of the African payments landscape is crucial for helping Chinese merchants navigate the barriers to scaling in Africa. This partnership is a key milestone in our global expansion and empowers us to offer truly localized payment methods to Chinese businesses.”
Kora and Pyvio have already been working together, processing payments for major platforms like Jumia, WeChat, and TikTok. Dickson Nsofor, CEO of Kora, highlighted the impact of Pyvio’s solutions, stating, “Pyvio’s offerings enable Chinese businesses to benefit from advanced pay-in, payout, cross-border payments, and card issuance solutions. We are thrilled to partner with Pyvio in their mission to create localized payment experiences in Africa.”
Through this partnership, Pyvio will leverage Kora’s payment infrastructure to provide cross-border payments in over 25 African countries, including Nigeria, Ghana, Kenya, and South Africa.
