Leading payment processor for Latin America, PayRetailers, has announced its expansion to Africa in a bid to offer a unified payment solution to support online merchants
The company has indicated that it will activate its payment processing functions in Rwanda, Zambia, Uganda and Tanzania, offering a user-friendly and scalable business experience to businesses looking to grow their regional operations. This will also provide them access to major local methods such as SPENN, Airtel and MTN, in what has been described as a ‘game changer for cross-border online merchants looking at Africa as their next move for strategic growth’.
“As a part of our strategic expansion, we are extending our coverage to four markets in Africa, at least to start with,” Lorenzo Pellegrino, chief operating & digital officer at the fintech, commented. “Over the coming months, we plan to steadily expand our operation in the continent, which is experiencing incredible growth in the payments industry and has massive potential for merchants looking to diversify and broaden their consumer base. Using the stellar and continuous growth we have experienced in LATAM as our guide, we are well-poised to help businesses thrive faster and more sustainably.”
Africa’s blossoming market
PayRetailers indicated that it has taken this step on account of the increasingly connected market in Africa and is hoping to contribute to this exciting era of prosperity.
“We recognise the immense potential and significance of venturing into these dynamic markets,” added Juan Pablo Jutgla, CEO of PayRetailers. “Each new addition to our market coverage is a gateway into untapped opportunities and strengthened partnerships, ensuring our sustained growth and global relevance. Our imminent expansion into additional countries across West, North, and southern Africa underscores our commitment to empowering our clients and connecting them with diverse consumer bases across the continent.”
From May onward, businesses will be able to operate in the region using PayRetailers for their online users and the company has stated that further expansion plans already in stow for the coming months.
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