PayRetailers, the leading payment processor for Latin America, on Wednesday announced that it had expanded its operations to eight African countries, including Nigeria and South Africa, to provide under-banked populations in Africa with efficient payment functions.
A news report distributed by African Press Organisation (APO) Group on behalf of the company indicated that with coverage now across 12 countries, the company would be offering a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.
PayRetailers offers a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment methods like MPESA, Airtel, and MTN.
According to the news report, the company’s operational coverage now includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa and Nigeria, having debuted three months ago in Rwanda, Zambia, Uganda, and Tanzania.
Commenting on the company’s rapid expansion in the African market, Global Head of Sales at PayRetailers, Jonathan Vintner, enthused: “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.
“This expansion effort further solidifies PayRetailers’ ability to unlock new growth opportunities for their clients, giving them easy access to additional emerging markets. For existing clients, in fact, this process requires zero integration efforts, as it is all handled via the same API”, Vintner added.
Fintech experts believe that with many populations across Africa being under-banked, PayRetailers is accelerating financial inclusion across the region by supporting businesses in a market that is increasingly becoming mobile and connected, with global businesses seeking to tap into the strong growth opportunities across Africa.
They describe the company’s expansion as marking a significant milestone in its ambitious growth plans, leveraging its experience in Latin America and well equipped to address the unique needs of African consumers and businesses.
