Launch of Innovative Online Payment Platform to Facilitate Cross-Border Transactions in the COMESA Region
During the Fita 2024 event organized by the Tunisia Africa Business Council (TABC), Teddy Soobramanien, CEO of the COMESA Business Council (CBC), announced the launch of an online payment platform designed to facilitate cross-border transactions in the COMESA region. This innovative platform, accessible in real-time and at a low cost, tackles the major challenges faced by businesses when executing international payments.
Key Features of the CBC Online Payment Platform:
- Secure and Encrypted Online Payments: Ensuring the protection of transactions
- Fast and Affordable Fund Transfers: Optimizing cash flow and reducing costs
- Interoperability with Other Payment Platforms: Providing transparent connectivity
- Easy Access via Website and Mobile App: Offering practical and user-friendly usage
Benefits for Businesses:
- Reduced Transaction Costs: Lowering costs associated with international transfers
- Improved Cash Flow and Capital Flow: Faster payments leading to improved liquidity
- Simplified Commercial Operations and Payment Processes: Streamlining business operations
- Time and Operational Efficiency Gains: Increasing productivity and efficiency
Countries Included in the First Phase:
- Zambia
- Malawi
- Kenya
- Uganda
- Rwanda
- Egypt
- Ethiopia
- Mauritius
Tunisia to be Included in the Second Phase.