CEO of Reeple, a cross-border payment infrastructure company, Oluwatomisin Kolawole, speaks about the growth of payment solutions across Africa and how Reeple is building infrastructure that will address the hiccups in cross-border payment, among other issues. Emma Okonji presents the excerpts:
Given your experience in building cross-border payment solutions for African businesses, how has Reeple enabled business growth across Africa?
Reeple has enabled business growth by removing one of the biggest barriers African businesses face: the difficulty of moving money quickly, affordably, and reliably across borders. Many SMEs, freelancers, agencies, and growing companies across Africa lose opportunities because payment delays, high FX costs, and fragmented banking systems make it difficult to serve international customers or pay global partners.
At Reeple, we are building infrastructure that helps businesses send and receive payments across more than 50 countries with greater speed, transparency, and confidence. Today, we are supporting scores of businesses across Africa with remittance and payout infrastructure for vendor payments, freelancer payments, business remittances, and recurring cross-border transactions.Our growth has shown us that when payments work, businesses grow. They can hire better talent, serve global clients, expand into new markets, and operate with less fear around settlement delays or failed transactions. That is the impact we are building for.
