PayRetailers Announces Expansion into Africa to Enhance Its Market Presence

• PayRetailers, a leading payment processor, is expanding its operations into Africa.
• The company is now operational in Rwanda, Zambia, Uganda, and Tanzania, offering advanced payment solutions to businesses.
• This move is part of PayRetailers’ strategic growth plan and reflects its commitment to enhancing financial inclusion in emerging markets.

PayRetailers, a prominent payment processor, is making strides into the African market, offering advanced payment solutions and enhancing its global presence.

Expansion into Vibrant African Markets

PayRetailers has initiated payment processing operations in Rwanda, Zambia, Uganda, and Tanzania. This development promises a streamlined, user-friendly, and scalable service to enterprises eager to expand their regional activities. It also provides access to key local payment methods such as SPENN, Airtel, and MTN, simplifying transactions for businesses and consumers alike.

Boosting Financial Inclusion in Emerging Markets

The African market is rapidly growing in connectivity and mobile usage, showing significant potential for future expansion. PayRetailers is committed to enhancing financial inclusion and supporting business growth in emerging markets by activating its network across the region. Lorenzo Pellegrino, Chief Operating & Digital Officer at PayRetailers, noted that the expansion offers substantial opportunities for merchants to diversify and enhance their consumer outreach.

Untapped Opportunities and Stronger Partnerships

Juan Pablo Jutgla, CEO of PayRetailers, highlighted the potential and importance of entering these dynamic markets. Each new market penetration serves as a portal to untapped opportunities and stronger partnerships, promoting sustained growth and international significance. The company’s forthcoming expansion into more countries across West, North, and Southern Africa underscores its dedication to empowering clients and linking them with diverse consumer bases across the continent.

Conclusion

Starting in May, businesses will be able to engage with the African market through PayRetailers, marking an important milestone in the company’s client portfolio and its strategic innovation for 2024. The company also has additional expansion plans in Africa, ready to be executed in the upcoming months, aiming to further integrate their services within the local ecosystems and foster a more connected payment landscape. This initiative reflects PayRetailers’ vision of a more inclusive financial environment, supporting the diverse needs of merchants and consumers in one of the world’s most dynamic and rapidly developing regions.