Tech firm seeks unified payment system to boost intra-African trade

A technology payment firm, Seerbit, has said that to promote financial inclusion, ease economic integration, and foster sustainable growth throughout Africa, there should be a unified payment system (UPS).

The firm said Africa is positioned to harness huge benefits if there can be collaboration in that regard.

The CEO of SeerBit, Omoniyi Kolade, stated this when he spoke to journalists in Lagos.
 

To play in that space, Kolade disclosed that SeerBit has come up with payment solutions for the 54 countries in Africa and their different currencies, adding: “SeerBit’s platform is designed to bridge the gaps within the payments ecosystem by providing a comprehensive solution that seamlessly integrates various components of the value chain.

“By facilitating the acceptance of diverse payment methods, optimising transaction management, and delivering actionable insights, SeerBit is poised to become a pivotal player in Africa’s burgeoning fintech sector.”

According to him, the payments industry is characterised by fragmentation, which presents significant hurdles for businesses of all sizes. He said SeerBit is dedicated to streamlining this process and enabling enterprises to concentrate on growth.

On security, Kolade said, SeerBit had put in place robust security features that ensure customers’ funds are safe, stressing that the firm is Payment Card Industry (PCI) compliance certified.