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Cross-border payments are essential for facilitating trade, remittances, and financial inclusion in Africa, a continent with diverse and dynamic economies. However, moving money across borders in Africa is often costly, slow, and complex, posing significant challenges for consumers and businesses alike. According to the World Bank, the average cost of sending
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Visa is partnering with Flocash to introduce Flostore to help small businesses across Africa accept digital payments. It will also allow the businesses to manage supplies and access financial services across Africa. The Flostore solution consists of an integration of the Visa digital wallet and Flocash's pan-African payment platform.
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