Transfy

Africa is a vast continent with a rich and diverse history. From the rich mineral resources such as rubber, oil, gold, cocoa, hides, etc., to the recent tech boom and eCommerce growth in the past few years. The continent has undoubtedly come a long way in impacting the global economy. And it is a good option for international investors looking to spread their wings around the world.  The African nation is home to 54 African countries and their respective currencies. Few of which are ranked among the 100 strongest currencies in the world. But what are the strongest African currencies? Thankfully, we will be discussing that in this post, including the ranks of all the currencies in Africa from the strongest to the weakest. Note: To determine the strongest African currencies , we will be comparing them to the United States Dollar (USD) which serves as the global reserve currency. In addition, the rates of these currencies fluctuate from time to time. That is because they are affected ...

Individuals, businesses, and investment firms wanting to indulge in   cross-border transactions   should be well equipped with the right tools and knowledge on how to make the best of them. It's critical for international merchants to be ready to accept payments in all of the countries they're pursuing. When a merchant wants to expand abroad, they should collaborate with an appropriate Payment Service Provider (PSP) that enables a secure,  cross-border payment  gateway.  A payment gateway connects the multiple aspects of the payment mechanism, allowing funds to be safely transferred between the client and merchant, and the respective issuing and collecting banks. It verifies all the transactions and encrypts the confidential financial data sent between the corresponding parties involved. To increase your chances of accessing new markets, whatever gateway you choose must support a wide choice of trading and settlement currencies.  Card transactions in local ...

  From automated invoicing and repayment collections to taking care of danger as well as  supplying a secure, protected customer experience, electronic repayment options include  worth in the post-COVID environment as well as beyond. Worldwide, consumer demand for contactless settlements has skyrocketed, and research  indicates that virtually one in three U.S. consumers pick contactless payments as their  recommended technique of repayment. The dramatic rise in contactless repayments throughout the Nigerian economic situation  provides an opportunity for local businesses to not just satisfy client needs yet to benefit  from the many advantages of embracing electronic repayment approaches, consisting of  providing a secure, safe and secure settlement experience for their consumers. Despite the dimension or extent of your company, if you're declining  online payment  services , you're losing out on substantial profits. Today, on the intern...

  Domestic and international payments in Africa weren’t as efficient as they have been in recent years. Individuals and businesses in Africa experienced several bottlenecks when it came to remittances and international transfers. Few decades back, people had to deal with loads of cash movement due to limited access to digital financial services. Banks had limited offices and could only cater to a limited number of people each working day. Mobile payments was only a dream as the majority of Africans didn't have access to a mobile phone at that time.  But all that has changed, many thanks to the technology boom and global e-commerce, and cashless policy. Payments have become more seamless and are simpler today than ever before. From online banking to  cross-border payment  solutions, and down to digital payment platforms, there's just a whole lot of options to choose from when it comes to payments.   With that said, let's take a look at how payment has transformed...