Klasha says Klasha Wire new feature allows businesses to send large payments to their suppliers overseas in local African currency
IT News Nigeria:
Klasha announced Tuesday the introduction of Klasha Wire, an innovative cross-border payments solutions to any countries in the world at low transactions cost, according to a statement.
Klasha is a San Francisco-based cross-border payments solutions company building payment infrastructure for cross-border commerce in Africa.
It added that “this feature allows businesses to send large payments to their suppliers overseas in local African currency (whether in Naira, Cedis or other African currencies) with ease. On the other end, the suppliers receive the money in the dominant currency of their choice (USD, GBP, EUR) in three business days.”
How to make payments using Klasha Wire
To make payments using Klasha Wire,
- Visit dashboard.klasha.com to create a free account.
- Go to Klasha Wire
- Then click on “Make new payment”
- Fill in the amount you want to send and the beneficiary details
- Add payment details and upload your invoice
- View payment summary and tap on “Make payment.”
With this feature, small business owners can now make large payments to suppliers overseas while lowering the transaction cost.
Benefits for using Klasha Wire
There are numerous benefits to sending large payments with Klasha Wire, including cheaper exchange rates and lower fees with no hidden charges, faster processing and settlement time, multiple payment methods to choose from (Card, M-Pesa, Mobile Money, bank transfer, or Klasha wallet), 100% transaction security, and a user-friendly dashboard to track all payments made, making reconciliation much more effortless.
There is need for Klasha payment solution. Today, small and medium business owners operate in an increasingly global environment. With the advent of globalization, the need to make payments continues to grow, and along with it is the complexity of making large payments, especially paying suppliers overseas. Any small business owner who has had to pay a supplier overseas knows that foreign exchange via the traditional banking sector can be quite expensive and time-consuming with the regulations affecting this sector.
Payments can be made to all countries in the world except Libya, Somalia, Iran, Iraq and Ukraine. And a minimal transaction of 0.7% of the amount sent is charged per transaction.