Pyvio (Hong Kong) and Crust announced a partnership expected to deliver seamless and robust payment capabilities for Chinese B2B e-commerce and media companies operating in Africa.
Cross-border B2B payments in Africa remain a major challenge for global companies looking to do business on the continent. The partnership between Kora and Pyvio is expected to help Chinese e-commerce businesses quickly gain access to compliant payment rails in African markets, which can often have complex regulatory frameworks.
“The Kora team has a deep and nuanced understanding of the African payments framework, and we rely on this to help Chinese e-commerce merchants overcome the many barriers to scaling in Africa. We are thrilled to be working with Kora. This is a huge milestone in our global expansion strategy and allows us to offer truly “Glocal” payment methods to Chinese businesses“, he says Li KaiCEO of Pyvio.
Kora and Pyvio have been working closely together for some time with existing payment processing for Jumia, WeChat, and TikTok.
Dickson NsoforCEO, Kora said:Pyvio’s dynamic solution opens up new payment possibilities for Chinese companies, including overdraft, payment, cross-border payments and card issuance.
We are delighted to partner with Pyvio in their mission to create truly localized payment experiences for Chinese companies operating in Africa.”
With the help of Kora’s payment engine, Pyvio can now offer cross-border B2B payments in more than 25 African countries, including Nigeria, Ghana, Kenya, and South Africa.
About Kora:
Kora is a pan-African payments infrastructure that offers a powerful payment API for payments, payments and cross-border settlements.
Kora services enable global companies to rapidly expand across Africa. With one integration, Kora enables businesses to accept payments, pay and settle across popular payment channels.
About Pyvio:
With a strong focus on technological innovation, Pyvio is a fintech company dedicated to building powerful global financial services. We empower companies to embrace the booming new cross-border economy through our cutting-edge solutions.
While we maintain a prominent presence in Europe and the Americas, our unique strength lies in our unwavering commitment to emerging markets, including Southeast Asia, Latin America and Africa.
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