AfriBlocks, a pan-African freelance talent marketplace, has partnered with KyckGlobal to provide the Visa push-to-card payment process to freelancers. For now, the innovation is set to debut in four African countries: Kenya, Zambia, Ghana, and Namibia.
This approach is in line with AfriBlocks’ objective to deliver inexpensive payment options to African contractors while also improving the continent’s gig-economy technological infrastructure to enable smooth collaborations between global customers and distant African talent.
Due to poor banking infrastructure and high transaction fees, African freelancers often have difficulties receiving payments from overseas customers. Inconsistent KYC compliance also has an impact on the degree to which African banks can service their customers in terms of international transactions.
The integration of AfriBlocks with KyckGlobal intends to alleviate these challenges by making it simpler for freelancers to receive payments from overseas customers. The integration not only simplifies the payment process but also promotes financial inclusion for Africa’s burgeoning freelancing population.
Read also: Former Twitter CEO Jack Dorsey launches alternative App on Android, Bluesky
Kyc Global to offer additional cross-border payment choices
AfriBlocks intends to expand the number of African nations that have access to the Visa push-to-card payment process. In the future, AfriBlocks plans to provide other cross-border payment options through the KyckGlobal platform, such as Visa push to account, wires, and international ACH.
AfriBlocks CEO Tongayi Choto stated, “We want to give contractors who use the AfriBlocks platform access to convenient and secure payment solutions while also creating transparency and trust. Our collaboration with KyckGlobal accelerates the development of new solutions to meet the challenges that African freelancers face in the digital economy.”
KyckGlobal CEO Donald Boeding said, “We’re delighted to expand the global talent pool with AfriBlocks by providing streamlined cross-border payment solutions. Faster and more reliable XB payments level the playing field of the digital economy, and AfriBlocks is well-positioned to foster greater financial inclusion for freelancers across Africa.”
About Kyc Global
KyckGlobal accelerates business by streamlining digital disbursements and offering a diverse range of payment formats from a single point of reconciliation. KyckGlobal provides payment type flexibility, shorter settlement times, and a payer-branded workflow for an enhanced payee experience. The solution lowers overhead, enhances visibility, and boosts customer and employee happiness.
KyckGlobal enables Fortune 500 and single-location businesses to give their payees a variety of alternative payment options, including Same Day ACH, Debit, PayPal, Stored Value Cards, Cash, Bitcoin, and others.
Payers may divide their payees into groups and remit payments appropriately, as well as allow their payees to split and request out-of-cycle payments. Document storage, tax form generation, payment statements, and other workforce solutions are available.
ABAN launches two new sector-focused angel investor networks
About AfriBlocks
Founded in 2020, AfriBlocks is a rapidly expanding network that links you with skilled, qualified, and outstanding African Professionals. AfriBlocks is a Pan-African freelance tech and design talent marketplace that connects verified African freelance workers with businesses all over the globe.
AfriBlocks provides intuitive gig ways to communicate and secure payment solutions to freelancers and customers, making it simple for organizations to get professional and cheap remote services.