If you’ve ever tried sending funds to any African country as an exporter or importer, you would know that the struggle is very real. Nothing is humbling like having money and can’t spend it (I know this gave my Nigerian brothers PTSD).
In this blog post, I will remind you what life used to be, and what life can be and I will connect both with Brydge (Pronounced- Bridge).

Cross-border payment is an integral part of international trade or international payment, facilitating the movement of goods and services between countries. Today in Africa, cross-border payment presents a unique set of challenges that impact the region’s trade and commerce. This blog will explore some of the challenges merchants face and also highlight what could be.

E-wallet plays an important role in import and export by providing a fast, secure, and efficient payment system that can facilitate international trade transactions. Brydge wallet is a well-mapped-out infrastructure and medium to ease cross-border payments, not just for merchants but also for individuals.
I know you are wondering what Brydge wallet is offering. Wonder no more!!!
This is a multicurrency wallet that offers Merchants and Individuals a medium for cross-border transactions with currencies like USD, EUR, GBP, NGN, KES, GHS, and lots more.
Brydge wallet allows importers to send Kenyan shillings( KES) to their suppliers in Kenya.
Importers/Exporters can also pay for their freight using Brydge’s USD service.
Exporters can receive USD/EUR/GBP in their wallets to enable them to pay their local suppliers.

Importers can send Nigeria Naira (NGN) to KES and USD and exporters can receive NGN from anywhere, crazy right? I thought so too.
Instant currency conversion.
B2B payments are made easier with the Brydge wallet.
Not just that, Our wallet is safe and secured with end-to-end encryption, safeguarding your financial details, and are held in trust with Deposit banks in Nigeria and other countries.
Brydge wallet users can sell from anywhere in Africa and receive international payments into their wallets or local bank account.
Brydge is not a bank but provides a fund management system for merchants.
Bank accounts are provided by Providus, WEMA, and FCMB Bank PLC — licensed and regulated by the CBN & money is duly insured by NDIC.

Do you know what’s crazier than having funds and not being able to use them? not sign up for our waitlist. Nothing would explain why, what are you going to tell your suppliers? ‘Suffer no dey tire you?’ (just joking) Click here to sign up, it takes only 2 minutes.

https://airtable.com/shrKaWmF3EGnEK0bU


TO Read More

https://medium.com/@brydgehq/navigating-cross-border-payments-for-import-and-export-in-africa-7d581abaea2