13 Sep eCommerce Companies Most Effective With Settlements In Local Currency: South African Rands, Kenyan Shillings, Nigerian Naira.

When it comes to online payments, eCommerce merchants expanding to South Africa, Nigeria and Kenya need to consider the implications of acquiring and local currency.  It's important to price goods in local currency on a website that's specifically customised for the specific market. A higher conversion rate is achieved when a local bank and merchant account is used for acquiring. This makes a big difference in terms of conversion rate.  International merc...
Read More

13 Sep African PSP’s Need to be Relevant to Meet the Needs of Multinational eCommerce Companies

The role of an African PSP has changed considerably over the years.  With the advent of card, mobile money and digital currencies, the role of an African PSP to be relevant is a little more challenging. The best coverage of Africa for multinational eCommerce companies from a payment collection perspective is via mobile monies like M-Pesa, Airtel Money and MTN Mobile Money. In more developed markets, card is the dominant method of payment, but in Africa, mobil...
Read More

11 Sep The Evolving Nature of Online Payments and Choosing a Payment Gateway for Kenya, Nigeria and South Africa

There are some interesting perspectives on the way online payments and digital currencies will evolve over the next ten years and the impact on your choice of a payment gateway for Kenya, Nigeria and South Africa.  The rate at which for example Luno crypto exchange is entering markets is quite astounding.  They are already in South Africa, Nigeria and Zambia, and I believe will soon be opening exchanges and Ghana, Kenya and Uganda.  This could be t...
Read More

10 Sep If You Are A Multinational eCommerce Company Looking For A Payment Gateway In South Africa . .

If you are looking for a payment gateway in South Africa, you will find it a relatively easy to get set up and paid. The South African eCommerce and online payment market is well-developed and quite similar to the UK or Europe. South Africa banking is made up of a limited number of banks, namely FNB, Standard Bank, Nedbank, ABSA and a new rival Bidvest bank.  All of these banks provide acquiring services for eCommerce merchants at relatively competitive rate...
Read More

09 Sep The Future Of Online Payments Across Africa for eCommerce Companies

I attended a crypto conference this past weekend in Cape Town, South Africa and was inspired by a talk by CEO and Founder of XRP payment gateway called Xago.io on what the future of online payments across Africa might look into the future.  Xago.io is building an XRP-only payment gateway for moving money cross-border cost-effectively with a view to setting up payment rails across the African continent that could be used by payments businesses and consumers.&nb...
Read More

06 Sep Is Libra Likely To Be Supported By African Payment Gateways For Online Payment Across Africa?

Libra is an interesting new entrant to the online payments, backed by an incredibly powerful distribution network. Facebook has more than 200m users on the African continent, and just imagine with the kind of fiat and cross-border complexities, how a universal coin of this nature could achieve widespread adoption amongst consumers and businesses locally and internationally.  It is likely that Libra, their wallet Calibra, and Facebook will come up against some ...
Read More

05 Sep eCommerce Payments Across Africa - Most Popular Mobile Money Payment Methods per Country

For getting paid online by consumers across Africa, card is a good start as it is more easily understood by eCommerce companies entering the African markets.  But far more important and far more widely adopted is Mobile Money payment methods by telecoms providers who have varying levels of traction and market share in different African countries . Here is a list of the most popular ones:  M-Pesa, Airtel Money, MTN Mobile Money, Tigo Pesa, Ecocash, and Ora...
Read More

04 Sep Cross Border eCommerce Opportunities Arise With African Payment Provider

African payment provider African Payment Solutions provides an opportunity for multinational and global eCommerce businesses to provide goods and services to the African Market. African consumers are mobile-connected and hungry for branded goods from more developed markets via multinational eCommerce companies. American and Chinese goods are in high demand from an eCommerce perspective, Chinese goods particularly, because of their low cost.  The ability to use...
Read More

03 Sep Kenya Payment Gateway and Interesting Kenya Online Payment and eCommerce Statistics

As a Kenyan Payment Gateway, we come across some interesting statistics and local demographics relating to online payments in eCommerce in Kenya.  The Kenyan online payments and eCommerce market is one of three African hubs, or shall we say Sub-Saharan African hubs including South Africa, Nigeria, and Kenya.  At African Payment Solutions we support multinational eCommerce companies (who are not on the African continent) and are looking for acquiring acros...
Read More

02 Sep It Is Important To Choose A Locally-relevant African Payment Gateway

The role of the African payment gateway has never been as important as it is today. eCommerce is set to boom in Africa.  Africa will consist of some of the most populous cities in the world by 2030. The consistent trend of urbanization is leading to a higher demand for international products via eCommerce. This has caused a high demand for eCommerce payments, more commonly known as online payments, which need to meet the demand for local most-favoured payment m...
Read More