PayRetailers Goes Global: Expanding Payment Processing to Africa

Story Highlights

• PayRetailers, a Latin American payment giant, is expanding to Africa.
• Targets Rwanda, Zambia, Uganda, and Tanzania initially, offering a unified payment solution for online merchants.
• Aims to leverage Africa’s booming mobile usage and internet connectivity to empower businesses and foster financial inclusion.

PayRetailers, a dominant payment processor in Latin America, has announced a significant expansion into Africa. This move strengthens its presence in emerging markets and offers a unified payment solution for online merchants seeking growth opportunities within the continent.

The initial phase focuses on establishing a foothold in Rwanda, Zambia, Uganda, and Tanzania. PayRetailers will provide a user-friendly and scalable service for businesses looking to expand regionally. Additionally, integration with popular local payment methods like SPENN, Airtel, and MTN will streamline transactions for both businesses and consumers.

Capitalizing on Africa’s Booming Market

Africa’s rapid growth in mobile usage and internet connectivity signifies immense potential for future expansion. By activating its network across the region, PayRetailers aims to enhance financial inclusion and empower business growth.

Lorenzo Pellegrino, Chief Operating & Digital Officer at PayRetailers, emphasized the initial focus on four key markets. He highlighted the company’s plan to continuously expand across the continent, keeping pace with the burgeoning payments industry. This expansion provides substantial opportunities for merchants to reach new consumers and diversify their businesses. PayRetailers’ proven success in LATAM positions them perfectly to guide businesses toward rapid and sustainable growth.

PayRetailers Building Partnerships, Expanding Reach

Juan Pablo Jutgla, CEO of PayRetailers, underscored the importance of entering these dynamic markets. Each new market offers a gateway to untapped opportunities and strengthens partnerships. This expansion strategy fosters its international significance and facilitates connections between businesses and diverse consumer bases across Africa.

A Step Forward in Innovation

Starting May 2024, businesses can leverage PayRetailers’ services to enter the African market. This expansion marks a significant milestone for the company’s client portfolio and its strategic innovation for 2024. With further expansion plans for West, North, and Southern Africa, it aims for deeper integration within local ecosystems, paving the way for a more connected payment landscape.

This initiative embodies PayRetailers’ vision of a more inclusive financial environment. By leveraging cutting-edge technology and local market expertise, the company is poised to revolutionize how businesses handle transactions in Africa, ensuring efficient, secure, and adaptable payment processes. PayRetailers is well on its way to redefining the African payment landscape, supporting the dynamic needs of both merchants and consumers in this rapidly developing region.