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PayRetailers announces expansion to Africa

| By iGB Editorial Team
Development, which initially includes rollout across four countries, strengthens PayRetailers’ presence in emerging markets.

PayRetailers, the leading payment processor for Latin America, has announced its new expansion to Africa. With coverage across four countries, the company offers a unified payment solution that will be a game-changer for cross-border online merchants looking at Africa as their next move for strategic growth.

To strengthen its presence in the continent, PayRetailers is activating its payment processing functions in Rwanda, Zambia, Uganda and Tanzania. This will offer a simple, user-friendly and scalable experience to businesses looking to grow their regional operations and give them access to major local methods like SPENN, Airtel and MTN.

This market is increasingly connected, mobile and destined for strong growth, which is why PayRetailers, in its mission to increase financial inclusion and continue supporting business growth in emerging markets, has decided to activate its networks in the region and drive this exciting era of prosperity.

Lorenzo Pellegrino (pictured above, left), chief operating & digital officer at the fintech, said: “As a part of our strategic expansion, we are extending our coverage to four markets in Africa, at least to start with. Over the coming months, we plan to steadily expand our operation in the continent, which is experiencing incredible growth in the payments industry and has massive potential for merchants looking to diversify and broaden their consumer base. Using the stellar and continuous growth we have experienced in LatAm as our guide, we are well-poised to help businesses thrive faster and more sustainably.”

Juan Pablo Jutgla (above, right), CEO of PayRetailers, added: “We recognise the immense potential and significance of venturing into these dynamic markets. Each new addition to our market coverage is a gateway into untapped opportunities and strengthened partnerships, ensuring our sustained growth and global relevance. Our imminent expansion into additional countries across West, North and Southern Africa underscores our commitment to empowering our clients and connecting them with diverse consumer bases across the continent.”

From May onward, businesses will be able to operate in the region using PayRetailers for their online users, representing a major milestone for its client portfolio and its innovation strategy for 2024.

To secure its standing in the African market, the company reveals further expansion plans already in store for the coming months.