How businesses in South America can accept online payments in Africa

Accepting payments from African customers by businesses in South America is often met with common barriers like:

• Settlement delays and potential FX fees due to multiple currencies.

• Preferred local payment methods across African states and they vary.

• Regulation and compliance requirements that also vary in the different regions.

The existence of these barriers has given birth to modern payment methods that have eased the burden for South American businesses that want to trade in Africa.

These Global payment service providers offer an easy set up for wide African and international coverage.

All the South American businesses have to do is:

• Integrate their API plugin

• Let the payment providers handle payment acceptance, billing and settlement.

• Funds will thereby settle into their South American bank accounts. Easy right?

Let us dive into some of the Global payment service providers that South American business can engage to enable them access online payments in Africa.

Elemitech (Elemipay) - settles in USDT

Your ultimate payment solution for businesses accepting and making payments in Africa with one integration.

What Elemitech does for South American businesses:

• It offers a single API and dashboard that connects businesses to multiple payment methods across Africa.

  - Mobile money (MTN, Airtel, M-Pesa, Vodacom and Tigo among others.)

  - Online banking and transfers

  - Credit / debit cards (Visa and Mastercard)

• It enables South American businesses collect payments from African countries,

  make payouts to mobile wallets and bank accounts and receive global settlements to USDT wallets.

• It settles in USDT for easy access of money for South American businesses.

• It provides a Developer - friendly API for merchants to integrate payment workflows.

Pro: It has specialized in high-risk and high-volume industries like gaming, forex, crypto, money remittance among others.

Dusupay

A platform that simplifies cross-border payments by integrating multiple African payment channels into one platform.

Benefits for South American businesses:

• It offers one integration for the many African markets.

• It offers multi-currency and multi-channel support.

• It has additional tools like Dusupay Octopus that enables payouts to mobile wallets and bank accounts across Africa.

• It has regulatory compliance and fraud controls that help reduce risk when processing payments.

Pro: Reliable for faster market expansion since it supports many channels across Africa.

Paystack

As a South American businessperson, do your interests align in Nigeria, Ghana, Kenya and South Africa? This gateway has its focus on Africa.

How can it benefit South American businesses?

• It enables local African payment preferences like mobile money, cards, USSD.

• It offers additional tools like plugins for e-commerce platforms.

Flutterwave

It boasts as one of the most established digital players in the African market with support in over 30 African countries.

Benefits for South American businesses: 

• It supports multiple payment methods in Africa, that is, Mobile money, cards, bank transfers, QR codes, Apple pay and google pay.

• It allows payment with cards by African customers.

• It allows one API for cross border payments, local African methods and global cards.

• It enables African pay in their local African currencies.

Pro: It allows South American business scale across African markets given its secured licenses in over 30 African countries.

Recommendations:

Payment service provider	Industries
Elemi	High risk like gaming, forex crypto, e-commerce, all companies looking to expand in Africa
Dusupay	E-commerce, forex, crypto, remittance platforms
Paystack	restricts certain business types
Flutterwave	E-commerce, online retail, digital products and marketplaces

For South American businesses seeking reliable and scalable payment acceptance in Africa, Elemitech offers a compelling balance of reach, flexibility and ease of integration!