African and Chinese markets coming together through a groundbreaking B2B payment platform initiative by Pyvio and Kora

In a significant development for the African fintech landscape, Hong Kong-based fintech company Pyvio has partnered with Kora, a pan-African payment infrastructure provider. This collaboration aims to enhance payment capabilities for Chinese B2B e-commerce and media companies operating in Africa.

Pyvio, with its focus on technological innovation in financial services infrastructure, is well-positioned to offer "Glocal" payment methods tailored for Chinese businesses operating in African markets. With Kora's payment engine, Pyvio now offers B2B cross-border payment services in over 25 African countries.

Key markets for this partnership include Nigeria, Ghana, Kenya, and South Africa. The alliance between Kora and Pyvio has already been processing payments for major platforms like Jumia, WeChat, and TikTok.

Li Kai, CEO of Pyvio, emphasized Kora's deep understanding of the African payments landscape as crucial in helping Chinese e-commerce merchants overcome barriers to scaling in Africa. The collaboration addresses the complexities of B2B cross-border payments for global companies in Africa, as well as the growing demand for efficient, compliant, and localized payment solutions for international businesses in Africa.

Kora's services are designed to facilitate rapid scaling for global companies across Africa. Through a single integration, businesses can access a wide array of payment channels for accepting payments, making payouts, and settling transactions via Kora. Chinese e-commerce businesses will have expedited access to compliant payment rails across various African markets due to this partnership.

The initiative is particularly timely given the increasing economic ties between China and Africa, and has the potential to boost trade and economic cooperation between the two. The partnership combines Pyvio's innovative approach with Kora's deep African market knowledge to streamline operations for Chinese companies in Africa.

Pyvio maintains a strong presence in Europe and America, but has a particular focus on emerging markets, including Southeast Asia, Latin America, and Africa. The company's mission is to empower businesses to thrive in the evolving cross-border economy.

While the search results do not directly identify specific companies that have joined forces to support Chinese B2B e-commerce and media companies in Africa, nor do they specify which African countries can currently be reached through such cooperation, the partnership represents a significant step forward in simplifying business expansion on the continent.

African and Chinese markets coming together through a groundbreaking B2B payment platform initiative by Pyvio and Kora