5 tips to start taking digital payments as a business in Africa
From Lagos to Kenya and the US, businesses are recognising that embracing digital methods is essential for growth.
A Mastercard-commissioned report forecasts Africa's digital payments market will reach $1.5 trillion by 2030, fueled by increased mobile phone usage and e-commerce. While cash is still common, mobile money is on the rise.
Zabira is simplifying this transition for SMEs, freelancers, and online merchants. In August 2019, the company launched Zabira to innovate Nigeria's cashless transaction market, offering services like crypto trading and utility payments.
The Zabira app supports four major fiat currencies—USD, NGN, GHC, and KES, making cross-border transactions seamless. It also provides access to over 20 cryptocurrencies, giving users flexibility and freedom in managing their digital finances.
Zabira
For small business owners looking to adopt digital payments, here are five easy tips to get started.
1. Choose a Platform That Does It All
Choose a digital payment platform like Zabira that offers multiple services in one app, including cryptocurrency trading, utility bill payments, and fiat transactions, to manage your financial life seamlessly.
2. Integrate Crypto Payments Early
Africa is rapidly growing as a crypto market. Zabira allows businesses to accept Bitcoin, Ethereum, and USDT, facilitating real-time trading of crypto assets. This gives businesses a competitive advantage in international commerce, particularly with diasporan clients.
3. Get Paid Instantly, No delay
Waiting three to five business days for payment to clear can disrupt cash flow. Zabira offers instant fiat payments through a robust blockchain system, allowing businesses to move money quickly, pay suppliers faster, and avoid telling customers to "wait till Monday."
4. Opt for a user-friendly app
Zabira is incredibly easy to use, with no confusing menus or hidden steps. Users can download the app on Android and on iOS.
5. Offer More Than Just Products
Zabira offers more than money transfers; users can top up airtime and data, pay cable bills, and fund betting wallets within the app. Businesses can learn to add value beyond just selling products.
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