What is Payaza and how does it help with cross-border payments?

Payaza is a fintech platform that simplifies cross-border transactions for African businesses by providing faster, affordable, and secure payment solutions. It helps eliminate high fees, slow transfers, and regulatory complexities typically associated with international banking.

Why is sending and receiving money internationally expensive for African businesses?

African businesses often face high international banking fees, steep currency conversion charges, and limited access to global payment options. These costs can significantly affect their ability to scale internationally.

How does Payaza reduce cross-border transaction fees?

Payaza leverages efficient fintech infrastructure to minimize overhead and reduce transaction costs, making international payments more affordable for businesses across Africa.

Can I receive international payments in multiple currencies with Payaza?

Yes. Payaza supports multi-currency transfers, allowing businesses to receive funds in major global currencies—such as the Euro—without needing foreign bank accounts.

How fast are Payaza’s international payment settlements?

Unlike traditional bank transfers that can take several days, Payaza offers instant or same-day settlements, ensuring quicker access to funds and improved cash flow.

Is Payaza safe for handling large international transactions?

Absolutely. Payaza uses advanced security protocols and complies with international financial regulations to ensure all transactions are secure and fraud-proof.

What makes Payaza different from traditional banks for cross-border payments?

Traditional banks are slow, expensive, and rigid. Payaza offers a digital-first, fast, and cost-efficient solution tailored specifically to the needs of African businesses.

Does Payaza support regulatory compliance for international transactions?

Yes. Payaza is built to navigate diverse regulatory environments across countries, helping businesses remain compliant while expanding globally.

Who can use Payaza’s cross-border payment solutions?

Any African business—from SMEs to large enterprises—looking to send, receive, or manage international transactions can benefit from Payaza’s platform.

How can I get started with Payaza for international payments?

Getting started is easy. Simply sign up on the Payaza website to start sending and receiving cross-border payments seamlessly.

Product Updates

How Payaza is Simplifying Cross-Border Payments for African Businesses

What a time to be alive.

Damilola Adeniji

03 Sep 2024 • 2 min read

For decades, African businesses have faced significant challenges in sending and receiving international payments. High transaction fees, slow settlement times, and complex banking requirements have made cross-border transactions cumbersome. However, with the rapid advancement of fintech solutions, companies like Payaza are eliminating these barriers and empowering businesses to expand beyond borders.

According to the World Bank, remittance inflows to Sub-Saharan Africa reached $54 billion in 2023, yet sending money to the region remains the most expensive globally, with an average fee of 7.8% per transaction. For businesses, these costs add up, limiting their ability to scale internationally. Payaza is revolutionizing cross-border payments by offering faster, cost-effective, and more seamless financial transactions across multiple regions.

Despite Africa’s booming digital economy, businesses still struggle with:

High transaction costs – International banking fees and currency conversion charges make it expensive to send and receive payments.
Slow processing times – Traditional bank transfers can take days to complete, delaying cash flow and operations.
Limited payment options – Many African businesses cannot access global payment solutions, restricting trade opportunities.
Regulatory hurdles – Compliance with varying country regulations adds complexity to cross-border transactions.

Payaza is tackling these issues head-on with innovative payment solutions tailored to African businesses.

1. Multi-currency transfers

Payaza’s Euro bank transfer features allow businesses to receive payments in major global currencies without the hassle of opening foreign bank accounts. This means seamless trade with international partners and reduced currency exchange costs.

2. Faster settlements

Unlike traditional banking systems, Payaza ensures instant or same-day payouts, allowing businesses to access funds quickly and keep their operations running smoothly.

3. Cost-effective transactions

By leveraging fintech infrastructure, Payaza minimizes transaction fees, making it more affordable for businesses to send and receive money across borders.

4. Secure and compliant payments

Payaza integrates advanced security protocols and regulatory compliance measures, ensuring that every transaction meets international financial standards while protecting businesses from fraud.

With platforms like Payaza leading the charge, the future of African trade looks promising. As more businesses adopt digital financial solutions, cross-border commerce will become faster, cheaper, and more inclusive. Payaza is at the forefront of this transformation, ensuring that African businesses are not left behind in the global economy.

Are you ready to expand your business beyond borders? Join thousands of businesses using Payaza’s seamless payment solutions to send, receive, and manage international transactions effortlessly.

Sign up today and take your business global with Payaza.

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1. Multi-currency transfers

2. Faster settlements

3. Cost-effective transactions

4. Secure and compliant payments

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