How businesses in Mexico can accept online payments in Africa

Africa's payment landscape is extremely different from Europe or the US.

All 54 African countries have

• Different local payment options

• Varying regulations and compliance rules

• Uncommon consumer habits

Given the Mexican diverse economy that has opened doors for cross-border commerce, accepting online payments in Africa has seen the rise of modern global payment gateways with one goal, "to provide a payment solution for businesses accepting and making payments in Africa."

In this article we share the different payment solutions convenient for Mexican businesses to transact in Africa

Elemitech (Elemipay)

Elemitech is more than just a simple gateway.

With just one API, Mexican businesses are able to connect to multiple African payment systems with no need to build separate integrations for each country's local payment methods.

Why it stands out:

• One API for multiple African markets some of which include, Kenya, Uganda, Tanzania, South Africa, Rwanda and Ghana among others.

• It does not only collect payments but also supports payouts to mobile wallets and bank accounts. Mexican businesses in their particular industries are able to manage both sides of the transaction using one system.

• It supports Africa's convenient payment methods, that is, Mobile Money (M-Pesa, MTN Mobile Money, Airtel money), bank transfers and local banking systems.

• To simplify cross-border cash flow for Mexican businesses receiving funds from Africa, it settles funds to global accounts in USDT.

• Most importantly, it is built for high-risk industries like crypto, forex, gaming and remittance services.

Unique selling point:

• It offers white label for businesses that wish to extend their brand visibility across borders.

  
  

  

Dusupay

This payment platform has been used by over 2,000 global businesses in diverse industries to accept and make payments across Africa.

Its core capabilities:

• Pan-African payment coverage: Mobile money, cards, bank transfers, so need for Mexican businesses to build integrations for each country.

• It collects payments from African customers, pays out funds to mobile money or bank accounts and handles FX and settlement across borders.

• It has a developer friendly API that enables Mexican businesses embed payments directly into their ecommerce site, app or platforms.

  
  

  

PayU Global

Core capabilities:

• One PayU integration

• Supports multiple payment methods including international cards and local payment methods for each market.

• Multi-currency processing

• It has fraud prevention and compliance tools.

Limitations:

• Supports local payment methods only in selected African markets.

Paystack

Core capabilities:

• As Africa's most widely used payment platform, it allows for online and mobile payments, that is, mobile money, cards, bank transfers and USSD.

• Its pricing is very simple and enables fast settlement.

• It has built in fraud tools and reporting.

Limitations:

• Has lesser coverage in Africa. (Nigeria, Ghana, Kenya and South Africa)

Recommendations

Business type	Recommended platform
High-risk	Elemitech or Dusupay
Small e-commerce	PayU Global or Paystack
Heavy focus on Africa	Elemitech or Dusupay or Pay U global
Mid - large businesses	Elemitech or Dusupay

For optimal convenience in Africa, in regard to payment solutions, Mexican businesses may opt for more than one payment gateway to,

• lower costs by choosing most cost-effective providers

• register high transaction success rates

• help manage risks associated with fluctuating local currencies.