Cross-border payments are crucial for African tech development as they foster financial inclusion, facilitate trade, empower small-scale traders, and enhance efficiency.

In a significant move to enhance cross-border payment capabilities, global technology company Klasha has partnered with FOMO Pay, a leading provider of digital payment and banking solutions in Asia. The strategic alliance, announced on January 31 by FOMO Pay, aims to streamline financial transactions between merchants across Africa and Asia.

Businesses can now receive payments in local African currencies and various methods, with payouts available in their preferred currencies. The collaboration also opens market expansion opportunities for Asian businesses in Africa.

CEO Jess Anuna of Klasha expressed enthusiasm about the partnership, emphasizing their commitment to seamless payments and economic growth across continents. “We are excited about our new partnership with FOMO Pay and what this unlocks for merchants in Africa and Asia. With combined efforts, we will continue to enable merchants in Asia to collect payments from the continent more seamlessly through our payment rails and our unique ability to terminate payments in greater Asia,” she said.

Meanwhile, Zack Yang, co-founder of FOMO Pay, highlighted the importance of financial connectivity between Africa and Asia, emphasizing their dedication to global market expansion.

This alliance opens new avenues for African and Asian merchants, facilitating entry into new territories and empowering businesses to thrive in an interconnected global economy.

Hikmatu Bilali