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How Fincra Can Help The FMCG Industry Improve Cross-Border Payments With A Data-Driven Strategy

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How Fincra Can Help The FMCG Industry Improve Cross-Border Payments With A Data-Driven Strategy

 

The FMCG industry faces major cross-border payment difficulties, especially in emerging markets and developing countries, which can limit expansion in revenue and market size. Cross-border payments are particularly important to this sector’s ability to grow into emerging markets, pay international suppliers, and build sustainable relationships with new customers.

 

There is a range of challenges in this regard – which include poor foreign exchange, slow settlement time culminating in cash flow delay, complicated regulatory requirements, and a lack of electronic payments. The FMCG industry is expanding, and this is evident in the 360 Reports that say the worldwide FMCG market size was estimated to be worth $11951.95 million in 2021. However, this market is anticipated to grow at a CAGR of 3.17% over the projection year and reach a staggering $14415.47 million.

 

What Is The Current Impact Of Cross-Border Payment To FMCG?

 

The World Bank estimates that the typical cost of a cross-border payment can range from 5% to 20% of the transaction value, making it a considerable financial burden to send money abroad if there is an anomaly in the choice of the payment provider. The revenue growth of sectors like FMCG can be severely hampered by relying on this for everyday payments. However, the challenge may be aggravated if there is an addition of issues like payment delay or inadequate information about payment status.

 

With the prevalence of cash payments, the FMCG sector still seems to be catching up to other sectors of the global economy. According to a 2018 World Bank study, the cost of managing cash and leakage could be costing merchants between 4 and 15% of their overall sales on average. This comes at par with cash-associated businesses that are likely to face the risk of exposing themselves to possible theft and fraud. Therefore, small businesses in rural areas without access to banks may find this problem to be time-consuming with the alternative to hire a formidable protection while moving cash.

 

What Are The Strategies For Improving Cross-Border Payment Challenges?

 

1. Trend Spotting

 

Digitisation can help FMCG companies have more control over their financial operations since they can track metrics like monthly performance comparison, and revenue growth, and stay atop any supplier payments with the use of an integrated dashboard to monitor all incoming and outgoing transactions. Depending on the time frame, it can also assist in identifying customer trends and assist in helping to change their supply accordingly.

 

2. Digital Adaptation

 

Taking a spontaneous change to digital payments may be challenging because customers are used to making payments with cash, hence posing a reluctance to customers’ change to adopt and adapt to digital payments. Finding a system that offers value and simplicity without entailment of any additional fees or expenditures, however, aids in a more seamless transition to digital.

 

It is common knowledge that the inadvertent COVID pandemic changed the way of doing business – with the emergence of cashless business and another digital business outlook. But the potential of digital payments avails customers to use only payment cards (credit or debit cards) to make purchases without carrying cash about

 

3. Help Large And Small FMCG Businesses

 

The integration of a credible payments partner that supports sophisticated digital payment solutions for both inflow and outflow of money in many currencies is an ideal strategy that is simple and convenient for FMCG businesses.

 

Therefore, while smaller businesses may see this as a means to break into emerging markets, attract more customers, and get greater control over their money, large FMCG companies may be confident that they have the competitive advantage of digital adoption and cashless transactions. Nonetheless, large FMCG companies face high exchange fees with an inadequate real-time visibility overpayment status.

 

How Fincra Can Help FMCG Businesses

 

Fincra can provide FMCG companies with a faster, easier, and safer cash or bank transfer. The Fincra multi-currency wallets enable businesses to make free transfers from one wallet to the other while receiving money from an account outside is free. The products and solutions of Fincra are full-stack digitisation, hence, you can have its digital wallets in which you can store different currencies and pay money out in the preferred currency of your vendors.

 

With meticulous regulatory adherence to the highest security and compliance procedures, Fincra is transparent to the various compliant procedures with its security features including data protection, account security, and FCA compliance. Fincra is certain that these security regulatory frameworks would enable FMCG companies to trust the digital payment company in helping to expand their business to new terrains

 

Conclusion

 

The FMCG industry is experiencing significant growth even as the world is welcoming technological innovation to ace the ways of doing business. But businesses need to adopt the integration of digital payment solutions by forging a partnership with a reliable digital payment provider like Fincra to make the security, speed, and cross-border payments a hitch-free.

 

Do you have an FMCG business, create a Fincra account to start expanding your business to success.

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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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Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

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Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills  while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

  • 1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
  • Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
  • Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
  • Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

 

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

 

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

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3 months ago

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

 

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

 

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

 

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

 

Core Features of Next-Gen Trade:

  • Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
  • Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
  • Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

 

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

 

Discover More

  • Learn about IUX’s advanced trading solutions: Visit IUX

 

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

 

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.

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