Making cross-border payments for businesses within Africa has remained difficult over the years, and while mobile payment adoption is increasing across the continent, there are still roadblocks.
Virtual Bank Accounts are foreign currency accounts that function as local bank accounts. They can be used to receive money and send money to different parts of the world online, making international money transfers even easier.
No business owner sets out to become overburdened with billing, and invoicing. But the fact is that if you don't have a solid payment solution in place, you're likely to become frustrated. Here are top reasons why you need to integrate a B2B payment solution into your business.
Many payment gateways have become accessible in the finance industry in recent years, and many have been incorporated into the many online businesses and networks across the continent. Let's take a look at some of the Nigerian payment solutions that have risen through the ranks.
Payments across borders entail a lot more than just making the payment, particularly when dealing with suppliers in Europe and the US. It's common to think about tax compliance, currency exchange rates, banking requirements, speed, and other factors.