Klasha announced the introduction of its newest cross-border payment service – Pay to China, on Tuesday to enhance cross-border payment between Africa and China.
Businesses and individuals can now instantly transfer Chinese Yuan (CNY) to Chinese bank accounts, Alipay wallets, WeChat wallets, and bank cards using their local African currencies. This feature was created to enable quick payments to China from Africa.
Pay to China, which has an instant processing time of 5–10 minutes, helps African firms avoid frequent problems like high fees and delayed payments, especially in the industrial, retail, and e-commerce sectors where China is a crucial trading partner.
Businesses can access this solution through the Klasha dashboard and API, guaranteeing a smooth and adaptable user experience.
Read also: Klasha, Lianlian partner to simplify cross-border payments for Asian merchants in Africa
About Klasha
Klasha is a multinational technology business that is developing a platform and APIs to facilitate the easy transfer of funds to and from emerging nations.
Through its comprehensive API stack, Klasha enables organisations to receive, send, and keep both hard and exotic currencies.
Enterprise companies fuel their cross-border payments with their infrastructure and rails.
Established by Jess Anuna in 2021, Klasha saves merchants time and money by receiving and sending more than 120 currencies.