African digital payments company SeerBit has integrated PayPal into its platform, enabling merchants in its operating markets to receive payments from international customers directly through its service.
The integration is designed to facilitate cross-border transactions and expand the payment options available to businesses selling products and services to customers outside their local markets.
With the new functionality, consumers making purchases on platforms powered by SeerBit will be able to select PayPal as a payment method alongside options already available on the platform, including bank cards, bank transfers, and mobile money. For merchants, the integration allows different transaction types to be managed from a single platform, simplifying the process of receiving and reconciling payments.
According to SeerBit, the solution seeks to ease cross-border e-commerce across Africa at a time when expanding connectivity and growing online shopping are driving demand for payment systems capable of operating across national borders.
“The integration will enable African businesses to receive international payments in real time and reach consumers outside their home markets, reducing one of the key barriers facing companies seeking to expand into other countries,” the company said.
SeerBit Chief Executive Omoniyi Kolade said many African businesses have products and the capacity to compete in international markets but face persistent challenges related to access to convenient and reliable payment options.
The solution also aims to simplify the checkout experience for consumers. By offering a payment option that is already widely recognised internationally, the company expects to increase buyer confidence and reduce cart abandonment during the payment process.
Amir Valliani, PayPal’s Vice President of Global Markets, said the partnership aligns with the growth of digital commerce in Africa and could help companies in the region reach a larger base of international consumers.
Valliani added that the integration also comes in the context of broader efforts to advance economic integration on the continent through the African Continental Free Trade Area (AfCFTA).
“Interoperable payment systems are considered critical to facilitating transactions between businesses and consumers across different African countries and expanding the participation of local enterprises in global digital trade,” he said.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/?p=529164
