iPaylinks, a top East Asia-headquartered cross-border payments firm, has introduced a strategic partnership with Africa's fintech behemoth, Flutterwave, to streamline and make secure payment flows from Asian exporters to African importers.
The development comes to overcome long-felt difficulties experienced by Asian firms while trading with Africa, which include delayed settlements, FX exposure, and intricate financial infrastructure.
The collaboration utilises Flutterwave's Virtual Accounts product to facilitate African importers paying Asian exporters in local currencies while iPaylinks gets settled in its preferred currency with pay-as-you-go pricing.
The technology cuts down settlement to one or two days, making what used to be a broken process become a smooth local-like transaction.
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“For years, Asian exporters have grappled with operational and treasury risks in transacting with Africa. With this partnership with Flutterwave, our customers can now experience a faster, safer, and more reliable payment process, and have the confidence to venture into African markets.” said Ted Sun, CEO of iPaylinks.
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For Flutterwave, the agreement is a chance to enhance Africa's position on the world trading map. Olugbenga Agboola , CEO of Flutterwave said, "Through this collaboration with iPaylinks, we are opening doors for businesses in Asia and Africa. This solution offers the security and reliability required to enhance trade between our continents.”
The alliance demonstrates Asia's increasing need for uncomplicated cross-border infrastructure and establishes iPaylinks as a primary facilitator for exporters aiming at Africa's rapidly expanding markets.
"With less in the way, companies can focus on what they excel at—growth and trade," Sun added.
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