Business

Solving the Cross-Border Payment Problem with Fliqpay

Sending global, cross-border payments should be easy, seamless, immediate and cost-effective. In order to scale up the kind of cross-border payment services that financial institutions need, Fliqpay’s vision is simply to create a world where the transfer of value is immediate and simple.

By Fliqpay · 2 months ago
Solving the Cross-Border Payment Problem with Fliqpay

Digitalisation has a fundamental impact on the way consumers and corporations do business with each other – and also on how they exchange money and information. The digitalisation of all aspects of doing business is driving change in the relationship between financial institutions, global businesses, payment operators and their customers—with growing impacts on International payments. Despite rapid market growth, international payments have been hampered by country-specific regulations, while transactions being channeled through intermediary banks can take days to complete and often come with unexpected fees, the overall integration into customers’ value chains is poor. It’s clear that there is substantial room for improvement.

The lack of effective cross-border payments infrastructure has created opportunities for payment operators and innovators to introduce alternatives to traditional banks for people to send money in-continent, for buying and selling across borders and to send remittances to their dependents.

How Fliqpay Helps

Sending global, cross-border payments should be easy, seamless, immediate and cost-effective. In order to scale up the kind of cross-border payment services that financial institutions and businesses need, Fliqpay’s vision is simply to create a world where the transfer of value is immediate and simple. Building a suite of payment infrastructure that allows global businesses operating in Africa and around the world to transact internationally through support for multi-currency and digital currencies is the starting point to achieve this.

Fliqpay provides a safe and secure way for businesses to make cross-border payments, as well as FX and multiple digital currency-fiat conversions at the best exchange rate possible. Fliqpay leverages blockchain technology to significantly reduce the transaction cost by up to 80% while settling transactions in seconds. Tapping into this liquidity through open APIs of the crypto exchanges, decentralised protocols, multi-currency payment gateways & wallet providers.

Fliqpay currently allows payments to over 130 countries in the world in more than 10 currencies including Nigerian Naira (NGN), Kenyan Shilling (KES), South African Rand (ZAR), Ghanaian Cedi (GHS), US Dollars (USD), British Pounds (GBP) and Euros (EUR) from anywhere in the world. Fliqpay also enables payments to digital currencies such as Bitcoin (BTC), US Dollar Tether (USDT), Ethereum (ETH), and Litecoin (LTC).

With Fliqpay’s suite of cross-border payments infrastructure, global businesses and financial institutions will be able to seamlessly connect with their regular local payment channels, initiate transactions and make payments to suppliers, while the company uses digital assets to instantly bridge the two currencies. This ensures payments are immediately sent and received in the local currency on both sides of a transaction. Fliqpay also provides more transparency into each transaction it processes, making it easier to audit the transactions in real-time and for compliance purposes. Fliqpay delivers its API products to a wide range of customers including Neobanks, Traditional banks, Payment companies, Remittance platforms, Money Transfer platforms & other Fintechs.

For businesses looking to scale, Fliqpay’s cross-border payment technology capabilities guarantee a financial application that inspires global opportunities to scale across Africa and the world. Fliqpay’s payments API can cater to businesses with a decent PCI-DSS compliance level and aims to help fintechs with a platform that alleviates the complexity of building and maintaining their own payment acceptance capabilities.

Fliqpay is for African businesses that are paying suppliers and other vendors, foreign businesses operating/exploring operations in Africa and other emerging markets and emerging market operators planning to expand across Africa and globally, financial institutions and fintechs. Fliqpay is safe, secure and licensed by by the Financial Transactions and Reports Analysis Centre of Canada. Enjoy a frictionless experience with Fliqpay while making cross-border payments, and give your customers and partners a seamless payment experience.