General
Brand Impact - Send large payments to the UK, US, China with Klasha Wire
Today, small and medium business owners operate in an increasingly global environment. With the advent of globalization, the need to make payments continues to grow, and along with it is the complexity of making large payments, especially paying suppliers overseas. Any small business owner who has had to pay a supplier overseas knows that foreign exchange via the traditional banking sector can be quite expensive and time-consuming with the regulations affecting this sector.
Klasha, a San Francisco-based cross-border payments solutions company building payment infrastructure for cross-border commerce in Africa, has introduced Klasha Wire. This feature allows businesses to send large payments to their suppliers overseas in local African currency (whether in Naira, Cedis or other African currencies) with ease. On the other end, the suppliers receive the money in the dominant currency of their choice (USD, GBP, EUR) in three business days.
There are numerous benefits to sending large payments with Klasha Wire, including cheaper exchange rates and lower fees with no hidden charges, faster processing and settlement time, multiple payment methods to choose from (Card, M-Pesa, Mobile Money, bank transfer, or Klasha wallet), 100% transaction security, and a user-friendly dashboard to track all payments made, making reconciliation much more effortless.