{"id":736121,"date":"2023-12-05T14:51:29","date_gmt":"2023-12-05T12:51:29","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=736121"},"modified":"2023-12-05T15:12:08","modified_gmt":"2023-12-05T13:12:08","slug":"recurring-payments-take-africa-by-storm","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/736121\/recurring-payments-take-africa-by-storm\/","title":{"rendered":"Recurring payments take Africa by storm"},"content":{"rendered":"\n<p>Africa, traditionally a cash-based continent, is moving towards electronic payments at <strong><a href=\"https:\/\/www.mckinsey.com\/industries\/financial-services\/our-insights\/the-future-of-payments-in-africa?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" data-type=\"URL\" data-id=\"https:\/\/www.mckinsey.com\/industries\/financial-services\/our-insights\/the-future-of-payments-in-africa?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" target=\"_blank\" rel=\"noreferrer noopener\">a startling rate.<\/a> <\/strong>Though challenging, this transition into the digital economy has unlocked opportunities for businesses in Africa to develop their systems and grow beyond borders.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/realpay.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" data-type=\"URL\" data-id=\"https:\/\/realpay.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to contact RealPay to find out more about optimising business cash flow<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>&nbsp;Pioneering technology, like recurring payments, gives African businesses exponential growth potential; however, aligning a product to suit the needs of vastly differing financial landscapes is crucial to the process.<\/p>\n\n\n\n<p>RealPay\u2019s Luan Cloete, Chief Business Development Officer, comments on how RealPay has taken up the mantle of easing Africa\u2019s transition into the future of digital payments: \u201cIt has required RealPay to understand each territory\u2019s payments infrastructure, and how to develop a set of products through the RealPay payments platform.&#8221;<\/p>\n\n\n\n<p>&#8220;Another key has been establishing physical offices and in-country teams in South Africa, Eswatini, Lesotho, Namibia, Botswana, Zambia and Uganda \u2013 and now expanding into Kenya and Ghana with a suite of products tailor-made for each country\u2019s differing conditions.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tailored solutions<\/strong><\/h3>\n\n\n\n<p>When asked how RealPay matches our offering to a company\u2019s specific needs, Cloete responds: \u201cWe offer a bespoke payments platform via open APIs. This means that a multinational company operating in several countries does not have to partner and integrate with multiple providers or banks. Further, all our enhancements are done \u2018in-house\u2019, which means we had to create an agile development environment for fast and relevant responses to customer needs.\u201d<\/p>\n\n\n\n<p>The recurring payments product, among others, is adapted to fit the financial requirements of not only each country, but also companies operating in each specific industry, from insurers and credit providers to subscription payments requirements in education, entertainment and fitness.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Developing multinational companies<\/strong><\/h3>\n\n\n\n<p>RealPay enables sustainable growth by giving a company the right products so that it can thrive in the digital economy.<\/p>\n\n\n\n<p>Our multinational footprint in Africa provides a payments springboard for companies wanting to extend beyond their borders. Having a sound and established payments partner eliminates major friction for companies entering new territories.<\/p>\n\n\n\n<p>RealPay eases the transition over borderlines for clients in various industries by providing a reliable, multinational platform.<\/p>\n\n\n\n<p>Cloete concludes: \u201cWe have been providing world-class FinTech solutions since 2003, and after 20 years of operating we can truly assert, it\u2019s in our blood!\u201d<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/realpay.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" data-type=\"URL\" data-id=\"https:\/\/realpay.co.za\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=December+2023\" target=\"_blank\"><strong>Contact RealPay to find out more about optimising business cash flow through efficient and reliable payments systems.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa, traditionally a cash-based continent, is moving towards electronic payments at a startling rate. <\/p>\n","protected":false},"author":57,"featured_media":736125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[18855],"class_list":["post-736121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-realpay"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/736121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=736121"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/736121\/revisions"}],"predecessor-version":[{"id":736167,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/736121\/revisions\/736167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/736125"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=736121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=736121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=736121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}