Payment processor PayRetailers has announced a further expansion into Africa, building on its success in Latin America.
With this expansion, PayRetailers aims to provide businesses with a “straightforward, scalable payment experience”, facilitating growth in regional operations and access to key local payment methods such as MPESA, Airtel and MTN.
The new markets include Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa and Nigeria, complementing the company’s recent launches in Rwanda, Zambia, Uganda and Tanzania.
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.”
With many populations across Africa being underbanked, PayRetailers aims to accelerate financial inclusion by supporting businesses in their growth journey. The market is increasingly mobile and connected, presenting strong growth opportunities for global businesses.
The company has stated that the expansion is a significant milestone in its ambitious growth plans, which include further expansion into more African countries and Europe.
As mentioned above, PayRetailers first expanded into Africa earlier this year, when it took its operations from Latin America to Africa in May.
“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,” Vinter added.
“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”.
