Better digital payments infrastructure is facilitating access to new markets for enterprise, by Doreen Lukandwa

Oct. 7, 2024 - The Eagle Online

Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. This has resulted in limited access to financial services for many merchants in the region, hindering economic growth and development.

Trailblazing fintech firms are revolutionising the digital payments space and helping enterprises solve their revenue collection and payments challenges, reducing operational costs and leaving them free to focus on operational efficiency. Now, SMEs can scale their existing services into new African and global markets by capitalising on the growing digital payment infrastructure without the need to build their payment infrastructure or platforms.

Enabling enterprise to meet its full potentialThe increased access to new markets for enterprises, facilitated by the digital payments space, enables their ability to scale up, compete with larger firms, and increase their growth potential...