Leading South American financial technology company PayRetailers has announced a significant expansion of its payment processing services into Nigeria, Kenya, and several other African countries. This comes just three months after the company announced its presence in Rwanda, Zambia, Uganda, and Tanzania.
Expansion in Africa
With the new additions, the company has strengthened its presence in Africa to 12 countries, including Burkina Faso, Cameroon, Ivory Coast, Ghana, Senegal, and South Africa. Jonathan Vintner, Global Head of Sales at PayRetailers, noted that Africa is a vibrant and varied continent, and the expansion marks a significant milestone.
About PayRetailers
Founded in 2017 by Juan Pablo Jutgla, PayRetailers is a global payment processing solution for secure and efficient transactions in Latin America and now Africa. The platform is backed by a direct API and commercial agreements, providing access to over 300 local payment methods.
Significance and Prospects
The expansion strengthens PayRetailers' ability to unlock new growth opportunities for its clients, providing easy access to additional emerging markets. The company said that its product accelerates financial inclusion across the region, supporting businesses on their growth journey. Further expansion into new African and European countries is planned.
Expanding operations in Africa represents an important milestone in PayRetailers' ambitious growth plans. Leveraging its experience in Latin America, the company is well-prepared to meet the unique needs of African consumers and businesses.
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