BudPay, a payment infrastructure startup, recently announced its business payment solution to help African businesses compete in global markets.The chance allowed the organization to promote its key features and competitive position in the Nigerian fintech industry. BudPay products are aimed at African businesses that want to accept and process payments locally and abroad.
BudPay stated that it had obtained licenses and strategic agreements with local and international providers to enable African businesses to expand abroad.
BudPay’s payment infrastructure is specifically tailored to satisfy the changing needs of the African market. According to the firm, it has helped multinationals, SMEs, and startups take payments in over 100 countries.
The platform’s key features include invoices and payment links. Its invoicing and payment link functionality allows businesses to create and exchange digital invoices and secure URLs for consumer payments.
This eliminates the need for a separate e-commerce website, making transactions more straightforward to administer. The platform has a robust payment gateway and checkout mode that accepts various payment methods, including cards, bank transfers, USSD, and mobile money. This flexibility guarantees that firms can serve a broad consumer base with varying payment methods.
Its team collaboration features allow organizations to add team members and outsource payment activities quickly. This feature improves efficiency and guarantees that payment operations are handled correctly.
BudPay promotes regulatory compliance and security, stating that the company is licensed by the Central Bank of Nigeria and accredited by several national and international financial, payment security, and data regulatory agencies.
This, it adds, helps the platform gain the trust of its clients, who appreciate dependability and security. BudPay claims in a news release to have earned the trust of over 20,000 businesses across three markets.
CEO Wale Hassan reacted to the company’s development, saying, “We are humbled but also proud to have earned the trust of over 20,000 businesses across three markets in the last two years.”
While the payment sector is already pretty healthy, we found a particular opportunity to reshape the global payments landscape for African firms. He added.
