A Quick Guide on How OAPay Cuts Costs and Delays on Business Money Transfers to Africa

Businesses today can no longer be confined by borders. Global trade is growing fiercely competitive, and as a result, many organizations are looking to seize new opportunities in international markets.

The good news—as McKinsey pointed out—is that “the rumored ‘consumerization’ of business payments is happening.”

Businesses now want to break free from clunky, back-office transactions. They expect real-time notifications, transparent fees, and a Venmo-like experience that is instant, simple, and intuitive. If you’re experiencing the pressures of extending your global footprint and are in search of the best way of sending money to Africa, we’ve got you covered.

In this article, we give you a lowdown on everything you need to know to initiate electronic funds transfers to Africa for your business. We also tell you why OAPay is the top choice among global businesses sending payments to Africa.

From wire transfers to smart transfers: What’s changing in international business payments?

It's safe to say that cross-border business payments are undergoing a long-overdue upgrade. Legacy wire transfer systems often involve multiple intermediaries, outdated rails, and a lack of clear visibility.

The challenge here is that traditional wire transfer systems were never designed for the speed and scale that global businesses demand today. They slow things down and drive up costs, especially when currency transfer rates are involved. 

That said, modern remittance platforms backed by the power of open banking are turning things around. Powered by APIs and smart workflows, these money transfer apps are empowering businesses to automate approvals, manage multi-currency payments, and make bulk payouts from a single dashboard.

For instance, OAPay's open banking feature has enabled secure, API-based access to financial networks, cutting out intermediaries and allowing real-time, direct international business payments to Africa.

How OAPay simplifies international money transfers for businesses

OAPay has a full suite of offerings that are powering everyone from large corporate houses to SMEs and individual freelancers from the US and the UK to make international business transfers to Africa in a flash.

Our platform comes packed with advanced features like real-time tracking, higher transaction limits, multi-user access, and a dedicated corporate portal, ensuring it is extremely easy for you to make overseas payments to Africa regularly.

Bridge the gap for business money transfers with OAPay

Whether you’re looking to pay your business expenses, your suppliers, or your remote staff, OAPay’s international payment offering is built keeping in mind the growing needs of businesses today. 

Businesses in the US and the UK choose OAPay to:

1. Maximize cost savings: When compared to traditional bank transfers, OAPay raises the bar with zero commission model and unbeatable FX rates on every business payment to Africa. What you get is upfront transparency on FX rates, fees, and funds credited, enabling greater clarity and control of your global transfers.

2. Expand to new international markets: Planning to set up operations in Africa or work with locals from your community back home? OAPay supports bulk and one-time payments and takes zero cuts from your international funds transfer, helping you scale up your business across borders.

3. Sync with your enterprise systems: Be it your ERP tool or your invoicing system, OAPay syncs with your internal tech stack, automating workflows and eliminating manual handoffs.

Simplify global growth with OAPay

With built-in compliance and end-to-end encryption, OAPay is helping business account holders make fast, affordable, and secure international payments to Africa.

Our platform is built for businesses that choose growth. We have designed business-friendly dashboards that help you manage international payments and expand confidently to new countries.

Ready to dominate global markets? Choose OAPay to make your next business payment to Africa.