Browsing: Stitch

  • As more companies opt to digitize their operations across the board, most firms initially work with one or two payment processing providers
  • The need to onboard more payment providers arises over time as enterprises expand to different regions and work to meet their customers’ growing needs
  • The pandemic presented one of the best opportunities for e-commerce firms and FinTechs all over the world to achieve massive growth with the majority of people working and schooling from home

There is currently an untapped opportunity in Africa for the creation of unified payment Application Programming Interfaces (API) that enable e-commerce businesses to run seamlessly. 

While Payment APIs have the power to optimize payment processes for both businesses and shoppers, a majority of small and large enterprises across the continent are yet to adopt such platforms in their day-to-day transactions. 

This is particularly the case for businesses that operate in more than one