OneKard Launches Global Payments Platform to Help African Businesses Receive, Hold, and Move Money Across Borders

OneKard has introduced a new international payments platform that has been made specifically for African companies to trade outside their countries. This platform is meant to assist firms in international money transfers, holding, and receiving, with a faster and smoother process than what is usually offered by the traditional methods.

The announcement states that OneKard is aiming at a broad spectrum of the African business economy as its users including but not limited to manufacturers, SMEs, educational institutions, e-commerce, exporters, and agribusinesses. The concept is to empower these businesses with the tools to efficiently handle cross-border money flows, particularly as trade and digital commerce in Africa progressively rise.
The main problem that OneKard is trying to solve is the one that most African companies know already: the selling across borders is getting easier, however, the payments, and global fund management are still the slowest, the most expensive, and the most confusing ways of getting companies paid. The companies often get caught in such problems as the delay in cash settlements, the barrier of different currencies, the high costs, and the limited opportunities to use the global payment infrastructure.

OneKard offers its platform as a more convenient way, a solution that is designed by real-world business needs such as paying suppliers, receiving international revenues, and having funds for operations without constantly converting currencies or suffering from slow banking processes. The launch signals also a bigger transition in Africa’s fintech scene.

There is an ever-growing demand for payment solutions that will be able to cope with the needs of international trade and the digital services industry, especially for those businesses that wish to sell their products or services beyond the confines of their local market. Thus, it is very crucial for the platforms that facilitate easier cross-border payments as more and more African entrepreneurs are marketing their products and services worldwide.

This type of infrastructure is very important for African SMEs since their global development is mostly restricted by payment issues rather than by demand. A business would begin to lose its customers as soon as money transfer becomes difficult. Suffering of relationships with the suppliers is the consequence when sending money is slow or costly. OneKard’s platform is developed to remove these barriers, and so companies can run with more speed and power.

At the same time, the competition is heating up in this sector. Several fintech companies are building payment paths for African markets which would ease transactions across borders as trade, remittances, and online commerce still grow globally. So, it becomes a question of product reliability, compliance readiness, and excellent user experience when it comes to who wins in the long term.

Currently, OneKard’s strategy is quite straightforward: African firms should be equipped with payment instruments that are at least as good as their aspirations. The company is focusing on the cross-border aspect and that is why it is entering a fast-growing market segment where speed, access, and simplicity will really be the factors that will generate commercial growth.

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