The only thing we love more than providing smooth payments is seeing the businesses we support, grow, especially when that growth expands across borders. That’s why we’re excited to announce our collaboration with iPaylinks, a leading East Asia-based cross-border payments company. Together, we’re making it easier for businesses in Africa and Asia to trade with each other through seamless, secure, and efficient payments.

About iPaylinks

iPaylinks is a global powerhouse in cross-border payments, providing one-stop, customized payment solutions for Asian enterprises expanding globally. Their payment solutions enable their customers (exporters in Asia) to trade confidently in the global market. With iPaylinks handling the complexities of international payments, their customers can focus on what they do best: making great products.

The Challenge: The Complexities of Africa-Asia B2B Payments

The rapidly growing trade corridor between Africa and Asia presents immense opportunities. However, for these exporters and the payment companies that serve them, collecting payments from African importers has been challenging:

• Operational Complexity: Establishing local collection accounts in multiple African countries presents logistical and regulatory challenges, requiring individual bank integrations and compliance with diverse country-specific regulations.
• Counterparty Risk: Finding a single, trusted, and adequately licensed partner across the continent to handle local currency collections is a major challenge.
• Treasury Risk: Exporters need to be paid in major currencies like the US Dollar (USD). Managing the conversion from various local African currencies involves unpredictable exchange rates and, crucially, the risk of being unable to secure FX liquidity for settlement in their preferred currencies.
• Slow Settlement Times: Traditional payment methods often result in lengthy settlement periods, tying up capital and negatively impacting cash flow for the exporters.

Why iPaylinks Chose Flutterwave

To solve these challenges for their customers, iPaylinks required a partner with a deep understanding of the African payments landscape, a robust payment infrastructure, and the licenses to solve these challenges for them. They chose Flutterwave for our unique ability to address every pain point directly. As a well-regulated fintech in Africa, compliance and security were assured. Our single API infrastructure offers the simplicity and scalability needed to operate across the continent without the operational stress of multi-country integrations.

The Solution: Virtual Accounts for Seamless Collections

So, how are we helping iPaylinks and their customers? By deploying our So, how are we helping iPaylinks and their customers? By deploying our powerful Virtual Accounts solution, we’re streamlining iPaylinks’ collection process across Africa. This solution is making what was a complex process feel incredibly simple.

Here’s how it works:

1. Virtual Account Generation: Through one simple integration, Flutterwave provides iPaylinks’ customers with virtual accounts in local African currencies.
2. Smooth Local Payments: For the Africans paying iPaylinks customers, payment is simple and smooth. They just need to make a standard bank transfer to the unique virtual account assigned to their Asian supplier. It feels exactly like paying a local supplier, a completely familiar and trustworthy process for them.
3. FX Risk Management: Working with regulated financial institutions, we ensure that iPaylinks is settled in line with agreed timelines and in their preferred currency. Our trusted partnerships and scale allow us to secure great exchange rates, all while upholding the highest standards of security and operational integrity. 
4. Reliable Settlements: The funds are settled to iPaylinks within a day or two, enabling iPaylinks to settle their customers.

And the best part? The pricing is clear and upfront. No hidden fees, no surprises. Just smooth and fast payments.

Let’s Power Your Africa B2B Collections

Does this story sound familiar? If you’re a global enterprise, a marketplace, or a payment company trying to simplify B2B cross-border collections in Africa, we’re here to help.

Our payment infrastructure can help you:

• Eliminate the need to integrate with multiple banks and systems across Africa.
• Provide your customers with a seamless local payment experience.
• Access speedy settlements to improve cash flow.

Let’s help you unlock the African market with a single, powerful payments platform.

If you are ready, then we are. Contact our sales team to get started.