The funds clearing infrastructure enables direct bank transfers to over 25 countries in Africa for small, medium, and large enterprise clients
Disburze has created a business-to-business payment clearing infrastructure that has direct reach in over 25 countries in Africa including South Africa, Nigeria, Ghana, Kenya, Tanzania, and Senegal. The infrastructure enables businesses to seamlessly settle invoices in local currencies throughout Africa. Disburze also aims to allow Africa based businesses to move funds out of key markets like Nigeria and Kenya in the near future.
Nagarajan Rao, CEO of Disburze stated: “We have created the first all business-to-business payment clearing infrastructure in Africa that allows for funds to be settled in local currency and bypasses the SWIFT bank network. Africa’s continued growth presents attractive opportunities for global businesses. Disburze is helping these businesses compete in the payments landscape by providing real time foreign exchange rates, settlement in local currencies, transparent service levels, and helps lower costs.”
Disburze is well positioned in Africa to help solve cross border payment problems for businesses that have largely been dependent on their banks to move funds for them. Disburze offers a seamless, enterprise friendly API designed for any enterprise to plug and play without upfront investment and additional resources.