Klasha

🌟 New product alert: USD wallets are now live! 🌟 We’re thrilled to announce the addition of USD wallets to our multi-currency account portfolio! With USD wallets, merchants can now accept, hold, and pay in over 50 currencies across more than 120 countries. Imagine the possibilities: expanding your global reach, simplifying your financial management, and powering your business growth like never before! Here’s what makes our USD wallets a must-have: 🔹 Fund your wallets effortlessly via Klasha Pay or direct transfers. 🔹 Create unique IBANs to set up a USD account in your business name. 🔹 Seamlessly manage funds both locally and internationally. Trade globally with a USD wallet today! *USD IBANs are subject to our terms and conditions. Learn more about the USD wallets here: https://lnkd.in/dnBAS-tk

We are thrilled to announce the appointment of Justin Fan as the Managing Director of Asia Operations. This appointment reinforces our commitment to expanding our footprint into Asia and driving frictionless cross-border B2B payments in emerging markets. In his new role, Justin will oversee all aspects of our operations in Asia, including market entry, partnership development, and merchant acquisition. He will also play a key role in localising our product offerings to meet the unique needs of Asian businesses looking to expand into Africa. Welcome to the team, Justin! Click here to read more: https://lnkd.in/gVE9q_2s

We are thrilled to announce that we've signed an MOU with the China-Africa Chamber of Commerce in Yiwu and Rocher Global to provide cross-border payment services to the merchants at Yiwu International Trade City. We are the first and only African company to forge this partnership in Yiwu which is home to one of the largest wholesale markets in China. It gives us unparalleled access to a vast network of merchants looking to send and accept payments into Africa and enhances our ability to facilitate seamless China-Africa trade. This collaboration will enable us to further support economic growth and development between China and Africa. Learn more about our new partnership here: https://lnkd.in/gaJ65wNb 我们很高兴地宣布，我们已与义乌中非商会和Rocher Global签署谅解备忘录，为义乌国际商贸城的商户提供跨境支付服务。 我们是第一家也是唯一一家在义乌建立这种合作伙伴关系的非��公司，义乌是中国最大的批发市场之一。它使我们能够无与伦比地接触到希望向非洲发送和接受付款的庞大商人网络，并增强我们促进中非无缝贸易的能力。 此次合作将使我们能够进一步支持中国和非洲之间的经济增长和发展。 在此了解有关我们新合作伙伴关系的更多信息：https://lnkd.in/gaJ65wNb

The future of cross-border payments between China and Africa is set to evolve. Global macro trends will significantly impact this aspect of the fintech industry. Trends suggest that the volume and diversity of China-Africa cross-border payments will grow. This will present more opportunities for fintechs to facilitate these transactions, particularly with the Africa Continental Free Trade Area agreement. To learn more, download our whitepaper on the future of cross-border payments between China and Africa: https://lnkd.in/dTPrPhYu

Global trade, local payments. This is our new slogan. This slogan perfectly captures what we do. We develop technology to facilitate global trade with local payment options. We aim to deliver secure and reliable cross-border payment solutions for global and local businesses in emerging markets. To achieve this, we’ve expanded our operations to Canada and the US. Beyond markets, we are constantly increasing our product range to cater to the needs of businesses looking to expand globally. Look out for some exciting announcements from our team in the coming weeks. Go global with Klasha. 🚀 

Before the pandemic-induced e-commerce boom, some Chinese cross-border e-commerce companies had already established their presence in Africa. They localized their operations by building platforms and warehouses and partnering with local companies for mobile payments and last-mile deliveries. Such investments, including those from Western-based investors, have led to a vibrant ecosystem of tech startups across Africa. Some of these startups are focused on facilitating cross-border payments between the two regions. To learn more about how they're doing it, click the link below to download and read our whitepaper: https://lnkd.in/dTPrPhYu

Hundreds of fintech providers focusing on Africa have emerged in the past five years. Collectively, their digital payment systems have facilitated a surge in real-time cross-border transactions, leading to an increase in the import of manufactured goods, a significant share of which originates in China. Learn more about the impact of technological advancements on China-Africa trade here: https://lnkd.in/dTPrPhYu.

In the 21st century, the exchange of vast resources between China and Africa has significantly increased China-Africa trade. This trade has expanded more than 20-fold, reaching $257.67 billion in 2022 and an estimated $282.1 billion in 2023. China primarily exports manufactured goods and services to African markets. In contrast, Africa's exports are still predominantly raw commodities, making up three-quarters of its total export volume. To learn more, download our whitepaper on the future of cross-border payments between China and Africa: https://lnkd.in/dTPrPhYu

The value of China-Africa trade has skyrocketed, from $11.67 billion in 2000 to $257.67 billion in 2022 and $282.1 billion in 2023. This growth benefits China and Africa as it accounts for more than a third of 40% of African exports directed towards Asia, which has solidified its position as Africa's primary trading partner. Cross-border payments are not just a part of this flourishing relationship; they are the backbone. We created a whitepaper to provide more insight into the state of cross-border payments between China and Africa. This whitepaper examines: • The current state of cross-border payments: Understand the existing framework and mechanisms driving trade between these regions. • Influencing factors: Discover the key elements shaping cross-border payments, from regulatory environments to economic policies. • Technological advancements: Explore how cutting-edge technologies revolutionise transactions and make cross-border payments faster. • Future trends and predictions: Gain insights into the future of China-Africa trade and how to stay ahead of the curve. To download the whitepaper and learn more, click here: https://lnkd.in/dTPrPhYu