In the last two decades, Africa has seen an increase in solutions from financial technology that have driven growth in the economy and deepened financial inclusion. Hugely aided by the rapid adoption of mobile phones and internet penetration, financial technology has enhanced the whole ecosystem with reduced costs for traditional banks and given Africans more access to financial services. This is the reason fintech has enjoyed massive successes in Africa.
Fintech companies have used these opportunities to roll out products in different spaces; neobanks, blockchain and cryptocurrency, stock trading, wealth management, lending, crowdfunding and payments.
With Fincra Payouts, businesses can may B2B payments.
There are instances where businesses have to send money-either to an investor, a partner, or a supplier; the Fincra Payout feature is the best for you. Onboarded Fincra merchants can make payouts in EUR, GBP, NGN and USD, while beneficiaries can receive EUR, GBP, USD and several other African currencies like GHS, KES, NGN, ZAR, etc.
Fincra’s Payout feature automatically converts the available currency into the preferred currency of the beneficiary. Merchants can make Payouts from their Fincra Wallet.