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Fincra Review What You need to Know About the Revolutionary Payment Platform

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Fincra Review What You need to Know About the Revolutionary Payment Platform

Fincra Review: What You need to Know About the Revolutionary Payment Platform

Financial technologies is fast becoming one of the biggest industries in Nigeria today. With increasing brands and services storming the market on an annual basis, it is easy to understand the impact and value it is adding to businesses and economy of the country at large.

Today, numerous businesses and e-commerce require the services of payment processing companies in order to ensure execution of transactions and efficiency of operations. One of such companies that is taking the industry by storm with top class services in payment processing, cross-border payments, and B2B Cross-border Payment is Fincra.

Fincra Review What You need to Know About the Revolutionary Payment Platform

Fincra is one of the recently established Fintech companies with a vision to simply create a world, where movement of money is instant, and as easy as sending a text message. Additionally, the company aims to make it easier for Africans and other emerging or frontier markets transact digitally, at low cost and high speed, with the rest of the developed world.

Here, we will give you a complete review of Fincra, its services, what you should expect, benefits of using our products, and so much more.

What is Fincra?

Fincra is a Payment Infrastructure company in Africa with the goal of transforming the financial sector, business, and industries in Africa. To achieve this, Fincra is dedicated to offering businesses and individuals the best services in payment processing and many other financial products under its portfolio.

Having recognized the endless potential which the African business and commercial industry possess, Fincra has made it a point to eliminate payment processing issues most businesses encounter in traditional payment processing by introducing a revolutionary payment processing solution like never experienced before. As a recently established company, Fincra employs some of the latest, world class technologies, and an innovative staff that ensure its product offerings provide financial solutions to entrepreneurs, merchants, companies, e-commerce, and many more.

The true belief of Fincra is the potential of Africa to become a leading business hub for other parts of the world. To help businesses achieve this status, Fincra is on a mission to set up an API infrastructure to connect all of Africa to the rest of the world. As a result, businesses from around the world can connect with businesses in Africa, and vice-versa. This contributes hugely to the growth and progress of businesses in Africa, as it ensures there is a greater efficiency of operation, improved performance, productivity and reach to target markets.

Fincra features a payment infrastructure with cross-border capabilities for financial institutions, fintechs and global businesses to accept payments securely, get settled, and move money across borders in multiple currencies. This way, you can easily do business and execute transactions with your customers who are overseas in a much easier and faster way.

We care so much about payments in Africa and we are building a pan-African infrastructure that will seamlessly connect the African continent and other parts of the world, through our products for collections, conversion & payouts.

Fincra is a product of Techstars ’20 alumni which is building a team of rockstars, builders, and people who are obsessed with making a difference with the quality of their work. Our people are our greatest assets and competitive advantage and we treat them with this understanding.

How reliable is Fincra?

Fincra is one of the most trusted brands which you can work with both in Nigeria, and across Africa. TheFincraTribe which refers to the Fincra team have a total commitment to ensuring their mission in Africa to make payment processing (Either cross-border or B2B Cross-border) safe, fast, and secure becomes a reality. As such, the team is always prepared to expand the limits of our knowledge and continuously find new, innovative solutions to ensure that we reach our desired goal. This ensures that the company is able to adapt to changing financial and technology trends, so customers enjoy the best products that favor their business.

Who is the owner of Fincra?

The founder and Chief Executive Officer of Fincra is Wole Ayodele. He is an innovative tech leader and inventor. He has vast experience in Fintech, tech product development and he’s been able to execute successful projects in this niche. One of his biggest achievements till date is the creation of the payment processing company known as Fliqpay.

Wole Ayodele is a highly qualified, tech enthusiast who graduated with a degree in Mechanical Engineering at the Covenant University in Nigeria. In 2015, he worked as the Senior Account manager at the Oxford Blue Digital Network for a couple of years. Briefly after leaving his role at the company, he was recruited by Quidax as the Head of Business Development. Here, he also worked for a couple of years before deciding to create a string of tech companies which we all know about today.

His experiences within the financial sector and tech industry led him to come up with solutions to help solve the numerous issues encountered by businesses and entrepreneurs when it comes to payment processing. His innovation led to the birth of Fincra.

What is Fincra Used For?

Fincra is all about providing technological solutions to relevant issues which individuals and businesses face in terms of cross-border payment processing and B2B Cross-border Payment processing. Individuals, entrepreneurs, merchants, and businesses across Africa use Fincra as a credible payment gateway to receive or send payments through their e-commerce platforms, websites, online stores, payment links, as well as invoices. These payments could involve business to business which are both located in different countries, as well as Business to customers.

Most people aware of how hard and tedious it can be to make or receive payments for services overseas. This situation usually limits businesses to only local/domestic customers/businesses, denying them access to a much larger target market in other countries around the world. As a result, the growth of businesses are limited and are usually left to the mercy of traditional payment processing methods which are slow, expensive, and demanding.

Fincra is introducing Fintech products to the African market that will help solve these difficult issues by allowing businesses access to target market, and introducing a payment processing system that allow businesses make transactions with each other, as well as customers.

How safe is Fincra?

As a recently established company, Fincra employs the latest security service and encryption which help protect customer information and data from theft, hijacking, hacking, and data loss. This payment gateway is well secured as its systems have the highest security certification level within the industry.

How does Fincra Work in Africa?

Fincra is a fast and simple way for entrepreneurs, merchants and business owners in Africa to get paid online from anywhere in the world. Setting up a Fincra account is completely free. You can sign up and start receiving payments in within 15 minutes.

Fincra charges a small percentage as a transaction fee whenever there’s a transaction on your account. Whenever businesses or customers pays you through this payment platform, the company deducts a fee. So they only make money when you do.

Just as the company doesn’t charge a fee for signing up. They don’t charge any fee for maintenance either. Once you integrate Fincra to your website or use its e-commerce tools, your customers can start experiencing fast, seamless payments from anywhere. Customers can pay through their Credit Card, Bank Account, Bank Transfer, USSD, Visa QR and Mobile Money.

Users are free to build custom payments experiences with Fincra’s well-documented APIs from simple projects, to complex financial and consumer products serving hundreds of thousands of customers with the platform’s well-documented APIs. These APIs allow you to  build anything that you can imagine.

Asides receiving payments, other services you enjoy include:

  • Collecting recurring payments (subscription & membership fees) from your app or website
  • Making instant transfers
  • Retrieving all your transaction and customer data
  • Verifying the identity of customers
  • Understanding exactly how your business is performing through analytics which include detailed reporting, alerts, and exports
  • Seamless reconciliation
  • Detailed reports on successful, abandoned, and failed transactions
  • Granular user permissions that let you control the info each member of your team has access to.

Anytime customers or other businesses make payments to you through Fincra. You’ll Receive your money automatically in your account within a short period

Is Fincra a Payment Gateway?

Yes, it is one of the leading online payment gateways in Nigeria and Africa at large. It ensures its users receive payments from anywhere across the world. Its products ensure that you enjoy a safe, fast, and efficient business operation through a unique service delivery.

Can I use Fincra for my Business?

While Fincra is used by individuals who receive money from across Europe, Africa, and the rest of the world, it is the perfect platform for businesses to receive payments as well.

How much does Fincra Charge per Transaction?

Fincra is a company that centers its products around its customers or users who are largely individuals, business corporations, entrepreneurs, merchants, and so on. Having this in mind, Fincra charges a fee for each transactions executed on your account. This fee is, however, subsidized to allow customers enjoy funds for business in a more fulfilling and satisfying manner. More funds means progress and growth for your business. If you want those, then Fincra is the payment processor for you.

Fincra offer the best rates ad only charge a small fee for payouts to bank accounts and mobile money wallets; there are no extra costs or hidden fees. Fees are determined by the payment method and the currency being charged for the collection.

Does Fincra accept dollars?

Users can accept international payments in Africa and the rest of the world through Fincra. As a result, Fincra accept payment in multiple currencies, ensuring your business can cover most countries from around the world.

Some of the currencies accepted by Fincra includes:

  • Dollars
  • Pound Sterling
  • Naira
  • Ghanaian Cedis
  • Kenyan Shillings
  • Euro
  • Rand

You can accept payments from international customers, from anywhere in the world. You can accept payments from internationally-issued cards. You can  display your prices in USD, and also get paid in USD.

Fincra Product Links

A product link is a way for you to sell a single product or service. If you want to sell multiple products at a time, you can use products on payment pages. A Product is a single item or service that your business sells. You can sell one product using Product Links, or sell multiple products at a time using Products on Payment Pages.

With a product link, you can view and manage your product orders, manage inventory, set up shipping preferences and also set what happens after a customer purchases a product.

How to Use Fincra Without a Website?

You can use Fincra without a website. After signing up and creating an account and your account has been activated you can use Fincra pages, invoices and product links to collect payment online without a website. Invoices and Payment Pages are perfect for freelancers and small businesses that want to collect payments online and don’t have a website.

How to Use Fincra with a website?

This option is for users who have a website or have plans of building a website that you want to collect payments from. Fincra can be integrated with website and e-commerce website builders like Magento, Shopify, WordPress, and ShopifyOpencart. If you’re building a custom website with a developer, Fincra API is available for integration.

 

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FINTECH

Fincra Granted Payment System License in Tanzania

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Fincra Granted Payment System License in Tanzania

Fincra Receives Payment System Provider License from the Bank of Tanzania, Expands Regulatory Footprint in East Africa

Fincra, a leading pan-African payment infrastructure company, has received regulatory approval from the Bank of Tanzania through its 100% controlled local entity to operate as a licensed Payment System Provider, enabling it to deliver secure, scalable, and compliant payment services across Tanzania.

Fincra Granted Payment System License in Tanzania

Fincra Granted Payment System License in Tanzania

This approval, granted under the Payment Systems Licensing and Approval Regulations, 2015, authorises Fincra to provide payment services in Tanzania. The license represents a significant milestone in Fincra’s East African expansion strategy and underscores its commitment to working closely with regulators to build trusted financial infrastructure across the continent.

“We are thrilled to receive this license from the Bank of Tanzania. It reflects our long-standing commitment to regulatory integrity and positions us to deliver even more value to businesses in East Africa,” said Wole Ayodele, CEO at Fincra. “This is a key part of our mission to build the rails for an integrated Africa”

The license allows Fincra to offer its suite of payment products and services to businesses operating in Tanzania, including local collections, business payouts, and API-based infrastructure for real-time payments, all while maintaining full compliance with the regulatory framework set by the Bank.

Fincra’s entry into Tanzania is strategically aligned with the country’s growing digital economy and its push for financial inclusion. Businesses in sectors such as fintech, logistics, travel, retail, and remittance will now be able to leverage Fincra’s infrastructure to scale faster, move money more efficiently, and expand across borders.

This development follows Fincra’s earlier regulatory approval in South Africa as a Third Party Payments Provider (TPPP) and cements the company’s position as one of the few African fintechs actively building a multi-market regulatory foundation to support a truly pan-African financial ecosystem.

About Fincra
Fincra is building the trusted financial infrastructure for businesses in Africa to move money locally and globally. Through a suite of APIs and no-code solutions, Fincra enables secure collections, payouts, and settlements across borders, with full regulatory backing in every market it operates.

Create a Fincra account in 3 minutes here

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FINTECH

Fincra Secures South African TPPP License

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Fincra Secures South African TPPP License

Fincra, a leading provider of payment infrastructure for local and cross-border payments in Africa, is proud to announce receipt of another Third Party Payments Provider (TPPP) in South Africa. 

Under this license, Fincra is now authorised to process the following types of payments:

  • Credit Card
  • Debit Card
  • EFT (Electronic Funds Transfer) Credit
  • Real-Time Clearing (RTC)
  • Rapid Payments

The license reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa. 

Fincra Secures South African TPPP License

Fincra Secures South African TPPP License

This development marks a pivotal advancement in Fincra’s mission to build the rails for an integrated Africa by creating the infrastructure to simplify how African businesses pay and get paid globally.

“Securing the TPPP license in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa. It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale. We’re excited about the opportunities this opens  for businesses across the continent.”

— Ayowole Ayodele, CEO and Co-founder, Fincra. 

Fincra’s new capabilities enable businesses across Africa and beyond to integrate directly with South Africa’s core payment systems and banks, offering faster settlement, greater reliability, and compliance with the country’s stringent financial regulations. 

IFincra is now better positioned to support a broader range of merchants in industries such as e-commerce, logistics, B2B marketplaces, travel, and more.

 

“This license strengthens our ability to serve our merchants with faster, more secure, and locally compliant payment options in South Africa. It’s a game-changer for businesses looking to expand or operate in the region, and a strong signal of Fincra’s continued focus on enabling growth for our customers.”

— Emmanuel Babalola, CCGO, Fincra. 

For Fincra, this is not just a regulatory achievement, it’s a signal of what’s next for the African payments space. 

As Fincra expands across the continent, its growing regulatory footprint and partnerships with Tier-1 banks provide the foundation for scale and innovation. 

About Fincra
Fincra is a leading payment infrastructure provider enabling seamless cross-border transactions across Africa.

Fincra empowers businesses, fintechs, and financial institutions to collect payments globally and make payouts locally, all through one powerful API or platform. With Fincra, launching remittance products, automating payroll, and expanding into new African markets becomes effortless. Fincra is building the financial rails that power trade, innovation, and scale across the continent.

Create a free account in 3 minutes at fincra.com 

Connect with Fincra on LinkedIn , X(Twitter) Instagram, and Facebook

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

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Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”  

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.
About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

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