Latin American fintech PayRetailers expands into Nigeria, Kenya, and other African markets

Leading South American financial technology company, PayRetailers has expanded its payment processing services into Nigeria, Kenya and several other African countries. This was disclosed in a statement by the company and seen by Technext. The development comes just three months after the company announced its presence in Rwanda, Zambia, Uganda, and Tanzania.

With the new additions, the company believes it has further deepened its presence in Africa. Its coverage now cuts across 12 countries which also includes Burkina Faso, Cameroon, Ivory Coast, Ghana, Senegal, and South Africa.

Speaking about the expansion, Global Head of Sales at PayRetailers, Jonathan Vintner, while noting that Africa is a vibrant albeit varied content, said the expansion marks a significant milestone as the fintech strives to achieve its mission.

“Expanding into eight new markets marks a significant milestone for PayRetailers as we continue our mission to bring tailored payment solutions to diverse regions. Africa is a vibrant and varied continent, with payment preferences that differ from region to region. For example, our launch in Kenya enables merchants to access M-Pesa, the country’s leading mobile money provider, while in South Africa, we’re offering a blend of card and cash solutions to meet local demands,” he said.

He explained that all of this is seamlessly integrated into the company’s existing API, allowing merchants to access the top payment methods across Latin America and now Africa through a single connection—with more countries on the horizon.

PayRetailers is a unifying payment solution

Founded in 2017, by Juan Pablo Jutgla, PayRetailers is a global payment processing solution for secure and efficient transactions in Latin America and now in Africa. The company sees itself as a trusted partner for businesses seeking customized payment solutions.

The company boasts a flexible platform supported by a direct API and commercial agreements with which it provides access to over 300 local payment methods and adapts rapidly to market demands. The company says its own technological architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of constantly evolving markets. 

PayRetailers’ product is a unified simple payment solution which it claims will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth. The company offers a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment methods like MPESA, Airtel, and MTN.

The company also said the expansion effort further solidifies its ability to unlock new growth opportunities for its clients, giving them easy access to additional emerging markets. For existing clients, in fact, this process requires zero integration efforts, as it is all handled via the same API.

“With many populations across Africa being underbanked, PayRetailers accelerates financial inclusion across the region by supporting businesses with their growth journey. The market is increasingly mobile and connected, with global businesses seeking to tap into the strong growth opportunities across Africa,” the company said.

The expansion marks a significant milestone in PayRetailers’ ambitious growth plans, with further expansion planned into more African countries as well as Europe. Leveraging its extensive experience in Latin America, the company is well equipped to address the unique needs of African consumers and businesses.