…Bails out SMEs with seamless solutions

 By Prince Osuagwu, Hi-Tech Editor

At the end of 2023, diaspora remittances to Nigeria fell three percent to $19.5 billion from 2022 when it raked in over $20 billion, according to the World Bank.

Although this drop is attributed partly to the larger trend of a slowed recovery from the blow of the coronavirus pandemic, there are other factors culpable.

For instance, today, neither the post office nor any mobile-money operator is offering cross-border remittance services.

However, an online payment gateway Seerbit has promised to step in the gap by providing products and infrastructure that allow businesses collect payments across Africa. The company prides itself as a plug and play payment solution that works for all types of businesses

The integration of SeerBit solutions enables local businesses to increase their operational efficiency and potential.

This means that small businesses, for instance, will no longer need to manually collect payments from their local or international customers or initiate and reconcile their payments. The headache is left to seerbit

In essence, Seerbit is a platform that enables all types of businesses with the digital tools they need to process payments from their customers.

Founder and CEO of the company, Omoniyi Kolade, in an interaction with Hi-Tech recently, said:  “In Africa, customers are often limited by circumstances or location, such as the unavailability of internet or lack of access to financial services. So, Seerbit’s intervention helps them to circumvent these barriers to render optimal services to their customers.

“At Seerbit we place value on educating our target audience on the ‘how-to’ of payment platforms, and also on broader business insights relevant for their operational success. We specialize in building scalable payment infrastructure, by deeply understanding our clients’ business models, we create customized solutions that expedite market entry and optimize payment processes across their entire value chain.”

Meanwhile so many other platforms pride themselves with the ability to do exactly all these, but Omoniyi said the biggest differentiator between his company and others in the paytech business is the strategy used to address the issues.

“At Seerbit, we recognise that the majority of Africa’s transactions are still happening offline despite the digital boom and the growing trend of digital commerce on the continent. Our payment solution focuses on bridging the gap between online and offline usage, with innovations that defy boundaries. This helps merchants across the globe reach a larger audience, scale their operations and on overall satisfy all types of customers in the most seamless way.

Kolade explained that Seerbit’s platform is built on the foundation of collaboration, adding that by partnering with financial institutions and other key players in the ecosystem, the company has been able to create a robust network that enables seamless transactions.