ABOUT US

African Payment Solutions provides a one-stop-shop for multinational merchants looking to sell and get paid online by consumers in Africa. With rock solid and dependable hosting and processing in the Amazon Cloud, more than 15 years experience with online payments in Africa, and links to more than 70 banks worldwide, African Payment Solutions is an easy choice for global eCommerce merchants.

Capitalising on the African eCommerce consumer boom is not easy. The banking industry is not geared for eCommerce. Credit card penetration is non-existent. Local alternative payment methods are unique to each country. Understanding people is difficult. Internet and payment infrastructure continuity is poor. Local compliance and banking requirements are onerous. Setup and time-to-cash for foreigners in our experience can take years.

African Payment Solutions bridges the gap for multinational eCommerce merchants entering the African market.

Go live as soon as 48 hours, through a single easy integration, reliably secure in the Amazon cloud, acquiring and repatriation of funds, everything taken care of.

DESCRIPTION OF THE BUSINESS

African Payment Solutions provides multinational eCommerce and mCommerce merchants with a simple, economical and effective way to get paid online by African consumers. Via a world class gateway infrastructure. Linked to local payment method aggregator accounts in key territories. With partners on the ground in-territory. And repatriation of funds to the merchant home country.

MORE ABOUT THE AFRICAN ECOMMERCE OPPORTUNITY

  • Africa hosts ten of the fastest growing economies in the world
  • Africa’s eCommerce space is growing fastest in the world at 26% per annum
  • The single-largest business opportunity in Africa will be its rising consumer market
  • Africa’s consumer-facing industries are expected to grow by $400 billion by 2020
  • More than 50% of Africans under the age of 25 are constantly on the internet
  • More than 50% of the continent is expected to have internet access by 2025
  • Online shopping could account for 10% of retail sales equal to $75 billion by 2025
  • In Nigeria, 65% of the 50 million internet users have shopped online
  • Smartphone share of mobile in Africa is expected to be 30% by 201

  • McKinsey describes the quantum of the African eCommerce & payment opportunity