Unless I've got this wrong, right now I don't think there is a Remittance accepting local currencies for international payments, I would imagine this is because of the lack of Bilateral Trade between African Countries and Companies.

Without Bilateral Trade, no country would seek for currencies of their fellow African Countries, but then again I ask. Giving an African Country the purchasing power e.g signing a currency swap with other African countries would give the Continental Populace a reason to look at Nigeria for raw materials which are way cheaper!

Setting up direct remittance across African Countries would boost the African Economy in ways you can't imagine!

Who knows, the Naira could become the bone of contention, given Nigeria's Rich and Blessed Stack Of Natural Resources.

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. https://fincra.com/collections

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. https://fincra.com/payouts

Now, in general, the usual currencies are fading into the background and bitcoins are coming to the fore, which are really much safer than any other currency. I strongly advise you to try to use https://coinspaid.com/processing/ a wallet that will help you protect your funds. The method of deposit in cryptocurrency in the gateway, based on repeated and seamless deposits with a single entry. The company provides a simple and secure gateway for invoicing in cryptocurrency without currency risk for both parties: sellers and buyers.