How businesses in Latvia can accept payments in Africa

agnes2718
4 days ago
3 min read

African markets unlike European markets use different payments methods.

Over 50 countries in Africa each with a unique payment system, different compliance rules and regulations among others has seen the rise of payment gateways to provide a payment solution for businesses in Latvia ready to cross over to the African market.

Latvia has a very diversified and open economy seeing many businesses spread their wings into the African market and most have been successful given the existence of modern payment gateways that have made operating in Africa very easy and convenient.

This article is intended to guide Latvian businesses on payment solutions available in Africa

Elemitech (Elemipay)

Elemitech is designed for global businesses that want to operate in multiple African countries without dealing with fragmented systems.

It supports Nigeria, Kenya, Uganda, Tanzania, Ghana, Rwanda, South Africa, and more. Customers can pay using local methods such as mobile money, direct bank transfers, and cards — with settlements directly into European bank accounts or USDT wallets.

Why Elemitech works best for Europe-based companies:

Multi-country coverage under one API
Settlements in EUR, USD, USDT or Crypto.
Built for high-compliance sectors like forex, crypto and trading among others.
Supports payouts to African customers, affiliates, or suppliers
It has white - label capabilities for businesses that want to protect their brand.

Pros:

• Great coverage across Africa

• Fast settlement cycles

• Stable for high-value, high-frequency transactions

Dusupay (Built for bold businesses)

This gateway is built for Latvian businesses of all sizes looking to scale and dominate in the African market.

It supports 12+ countries in Africa in their different payment systems making payments convenient.

Why DusuPay stands out:

High-risk friendly onboarding
Easy API or dashboard-only setup
Used by many global technology companies expanding into Africa

Pros:

• Works across East, West, and Southern Africa.

• Accepts both mobile money and bank transfers.

• Crypto or fiat settlement choices.

• Reliable for recurring payments and payouts.

Supports 27+ currencies.

Flutterwave

This gateway is widely used across Africa.

Why it stands out:

Supports mobile money, cards, bank transfers and e-commerce among others.
Easy API integration.
Supports multiple African countries like Nigeria, Ghana, South Africa, Rwanda and Uganda among others.
Good for e-commerce stores and digital services targeting African markets.

Pros:

Enables e-commerce payments like shopify among others.

Pay Stack

Paystack, backed by Stripe, is one of the most trusted fintech solutions in Africa. It covers key markets like Nigeria, Ghana, Kenya, and South Africa.

European companies can use it to accept payments via cards, mobile money, and bank transfer, especially for SaaS and e-commerce.

Why choose Paystack:

• Excellent stability and uptime

• Simple integration for developers

• Trusted by leading African online brands

Pros:

• Ideal for mainstream industries

• Competitive pricing

• Strong user experience

Limitations:

• Limited country footprint

• Not suitable for high-risk categories like forex or crypto

In Comparison

Provider	Local African methods	European settlement	Best for
Elemitech	Yes (mobile money, cards bank)	USDT	Broad coverage and compliance
Dusupay	Yes	USDT	Global businesses
Flutterwave	Yes	Varies	E-commerce and digital sales
Paystack	Yes	Via partner	Startups & SaaS

Major benefits for using modern payment methods:

Increased sales opportunities as you scale to the major markets in Africa.
Professional business image that will allow smaller Latvian businesses compete effectively with larger businesses especially for e-commerce-based businesses.
Operational efficiency since automatic payment processing reduces a great deal of manual work.