PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa.

With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.

PayRetailers offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment methods like MPESA, Airtel, and MTN.

The further expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa and Nigeria, having recently launched in Rwanda, Zambia, Uganda, and Tanzania three months ago.

This expansion effort further solidifies PayRetailers’ ability to unlock new growth opportunities for their clients, giving them easy access to additional emerging markets. For existing clients, in fact, this process requires zero integration efforts, as it is all handled via the same API.

With many populations across Africa being underbanked, PayRetailers accelerates financial inclusion across the region by supporting businesses with their growth journey. The market is increasingly mobile and connected, with global businesses seeking to tap into the strong growth opportunities across Africa.

The expansion marks a significant milestone in PayRetailers’ ambitious growth plans, with further expansion planned into more African countries as well as Europe. Leveraging its extensive experience in Latin America, the company is well equipped to address the unique needs of African consumers and businesses.

Jonathan Vintner, Global Head of Sales at PayRetailers, said: “Expanding into eight new markets marks a significant milestone for PayRetailers as we continue our mission to bring tailored payment solutions to diverse regions. Africa is a vibrant and varied continent, with payment preferences that differ from region to region.

“For example, our launch in Kenya enables merchants to access M-Pesa, the country’s leading mobile money provider, while in South Africa, we’re offering a blend of card and cash solutions to meet local demands. All of this is seamlessly integrated into our existing API, allowing merchants to access the top payment methods across Latin America and now Africa through a single connection—with more countries on the horizon”.

Nokia today announced a strategic partnership with iSAT Africa to enhance rural connectivity in Liberia, aiming to bridge the digital divide and bring reliable, affordable network access to underserved communities.

This deployment will span over three years and cover approximately 200 sites across rural areas in Liberia.

The Nokia Rural Connect solution, including Nokia’s industry-leading AirScale radio portfolio including Massive MIMO radios, remote radio heads, and base stations.

iSAT Africa will also benefit from Nokia’s MantaRay Network Management solutions which will deliver a unified, automated view of the network, enhancing both monitoring and management capabilities, addressing critical challenges such as limited coverage and the wide digital divide in rural regions.

By extending network coverage beyond major cities, this partnership aims to drive socio-economic development in Liberia’s remote areas.

The 200-site deployment will expand iSAT Africa’s network reach, offering mobile network operators a cutting-edge solution that is both cost-effective and highly efficient.

This expansion will help rural communities access critical services, thus driving social and economic progress in the region.

Osama Said, Customer Team Head, West Africa and Enterprise at Nokia: “We are proud to collaborate with iSAT Africa on this important initiative to enhance connectivity in rural Liberia. Our Rural Connect solution ensures robust coverage in remote areas, enabling voice and data services for communities that have been historically underserved. This partnership represents a significant step toward reducing the digital divide and fostering socio-economic development.”

Said Rakesh Kukreja, Founder and Managing Director at iSAT Africa: “Our partnership with Nokia underscores our commitment to reducing the digital divide and enabling greater connectivity across Liberia.

The Nokia Rural Connect solution offers lean, energy-efficient, and easy-to-deploy technologies that allow us to extend coverage into underserved areas. This deployment will strengthen our position as a leader in providing Network as a service and improve lives by enabling reliable voice and data services and connect the unconnected.

The partnership highlights the commitment of both Nokia and iSAT Africa to driving digital inclusion and bringing the benefits of connectivity to all corners of the country.

HabariPay, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), has reported a 30.7 percent rise in profit in the first half of 2024.

Analysis of the tier-one bank’s recent financial statement showed that the fintech recorded a profit after tax of N1.7 billion in H1, compared to N1.3 billion in the same period of 2023.

According to the financial statement, HabariPay’s growth showed promising adoption of the bank’s digital payments business as it looks to bolster its hold on the fintech sector.

“Through our Habari platform, our customers can shop for diverse products online, pay bills, watch videos, and listen to music. We continue to improve the platform to meet and support everyone’s lifestyle,” it said.

A further breakdown of the report revealed that the fintech company’s operating income in the first six months increased by 22.7 percent, N2.7 billion in H1, from N2.2 billion in the same period of last year. Its operating expenses rose to N703 million from N688 million.

The company generated N2.06 billion from its core business activities, an 815.6 percent rise from N225 million reported in 2023.

When Guaranty Trust Bank transitioned from its standalone commercial banking structure into a holding company, HabariPay became a standalone business offering payments, a marketplace, and small business services.

HabariPay’s flagship product, Squad, combines a payment gateway and e-commerce platform with a Point-of-Sale business.

The statement added, “In line with its mission of empowering businesses and young innovators across Africa, HabariPay’s Squad launched its first-ever coding sprint, Take on Squad Hackathon 1.0. The two-day social coding event was held at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State.”