The top payment processor in Latin America, PayRetailers, has announced plans to expand into Africa. The company, which currently operates in 12 countries, provides a unified, straightforward payment solution that will revolutionize the way cross-border online retailers view Africa as their next strategic growth market.
Businesses wishing to expand their regional operations can benefit from PayRetailers’ easy-to-use, scalable interface, which also grants them access to popular local payment methods such as MPESA, Airtel, and MTN. The company has recently expanded to Rwanda, Zambia, Uganda, Tanzania, and Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, and Nigeria. It was first launched in these countries three months ago.
Due to the fact that a large portion of the African population lacks access to banks, PayRetailers helps businesses expand while also accelerating financial inclusion in the area. The market is becoming more mobile and connected, and multinational companies are trying to take advantage of Africa’s tremendous growth potential.
With additional expansion into more African nations as well as Europe planned, the expansion represents a major turning point in PayRetailers’ ambitious growth plans. The company has the necessary resources to effectively cater to the distinct requirements of African consumers and businesses, thanks to its vast experience in Latin America.
Jonathan Vintner, Global Head of Sales at PayRetailers, said: “Expanding into eight new markets marks a significant milestone for PayRetailers as we continue our mission to bring tailored payment solutions to diverse regions. Africa is a vibrant and varied continent, with payment preferences that differ from region to region. For example, our launch in Kenya enables merchants to access M-Pesa, the country’s leading mobile money provider, while in South Africa, we’re offering a blend of card and cash solutions to meet local demands. All of this is seamlessly integrated into our existing API, allowing merchants to access the top payment methods across Latin America and now Africa through a single connection—with more countries on the horizon”.
