Nigerian fintech company that powers African payments for global companies to sell cross-border online to and from Africa, Klasha, has partnered with FOMO Pay, a digital payment solution provider in Asia.
The new partnership between the digital payment providers aims to enhance cross-border payment capabilities for merchants between Africa and Asia.
Furthermore, with this partnership, FOMO Pay will enhance collections for its corporate clients through Klasha’s platform, empowering businesses to receive payments in local African currencies and money methods while they get payouts in their preferred currencies.
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This will also enable businesses in Asia to unlock opportunities to expand into new markets in Africa and broaden their customer base with Klasha and FOMO Pay’s joint effort in facilitating cross-border payments.
Speaking on the partnership, CEO of Klasha Jess Anuna said,
“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. We look forward to widening our services to more merchants with this partnership.”
Also speaking, co-founder of FOMO Pay, Zack Yang said,
“In this era of globalization, the synergy between FOMO Pay and Klasha marks a significant milestone in increasing financial connectivity between Africa and Asia. Our partnership is more than just a business collaboration; it’s a commitment to fostering seamless payments and economic growth across continents. By partnering with Klasha, we enhance our service offerings, expand payment corridors, and empower our institutional clients to grow in the global market.”
The strategic partnership between Klasha and FOMO Pay is poised to contribute to the advancement of international financial services, promoting smoother and more accessible cross-border payment solutions for businesses and individuals operating between these two regions.
About Klasha
Klasha is a technology company that powers African payments for global companies to sell cross-border online to and from Africa. The startup has built payables and receivables solutions for businesses and consumers that allow frictionless movement of money between Africa and the rest of the world.
Using Klasha, global businesses can accept payments from Africa in many African payment methods and currencies, send cross-border payments frictionlessly online, and get paid in hard currencies.
About FOMO Pay
Founded in 2015, FOMO Pay is a major payment institution headquartered in Singapore and licensed by the Monetary Authority of Singapore to conduct Cross-border Money Transfer Services, Domestic Money Transfer Services, Digital Payment Token Services and Merchant Acquisition Services.
Currently, the startup is a leading one-stop digital payment and digital banking solution provider enabling more than 10,000 merchants and financial institutions across Asia and Africa.