pulselivekenya
Sep 20
185
0.05%
Millions of professionals, entrepreneurs, and freelancers across the globe, including Africa, got to apply for and work with international companies and clients.
Despite the change in the nature of work, International payments are still a major problem for many people in Africa. PayPal, for example, is one of the biggest financial technology companies in the world, facilitating millions of dollars in transactions every day. Yet, in several African countries like Nigeria and Zimbabwe, PayPal is significantly restricted.
This isn't great for African entrepreneurs seeking money from their clients and customers. Even in countries like South Africa, Mauritius, Kenya, etc., where PayPal is fully supported, it's still important for entrepreneurs to have different payment systems for different purposes.
In this article, Business Insider Africa has put together a list of 4 different ways African entrepreneurs can receive payments internationally.
Payoneer
With a total market capitalisation of over 2 billion USD, it's safe to say that Payoneer is one of the largest payment solution providers in the world. Launched in 2005 by Yuval Tal and headquartered in New York, United States, Payoneer offers several different currency accounts for receiving payments worldwide.
You must create an account with the company and complete your KYC verification, among other requirements. Afterwards, you'll be given a USD and GBP bank account. Remote workers can share these account details with their customers/clients, who will pay for their services through the platform. As your account matures and your business grows, you'll become more likely to gain access to accounts in even more currencies, such as the Canadian Dollar, among many others.
READ MORE IN THE LINK IN BIO.
#PulseBusiness
pulselivekenya
Sep 20
185
0.05%
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