Disburze has introduced a B2B payment clearing infrastructure with direct reach in more than 25 African countries, including South Africa, Nigeria, Ghana, Kenya, Tanzania and Senegal. It allows businesses to settle invoices in local currencies.
“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,” CEO Nagarajan Rao said. “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.”