There are many reasons individuals send or receive money from one country to another different countries. This has been a very difficult task to achieve in Africa since the emergence of modern finance. However, Settle has broken that barrier and a direct transaction can now take place between two African countries in a matter of minutes. The good news is, both business and individuals can use this payment platform without going through the traditional difficult routes of sending or receiving payments across the continent.

HOW INDIVIDUALS CAN USE SETTLE:

Let’s say you are Nigerian and would want to send payment to someone in Egypt:

  1. Go to Settle web or App and login if you have an account or create and account or simply proceed directly to making a transfer.
  2. Provide the details of the person receiving
  3. Pay in your local currency with card or bank transfer.
  4. The receiver gets instant value while you get a receipt of payment.

Individuals are free to use instant access and the only charge for individuals is the transfer charges which is very affordable. For instance; sending payment from Nigeria to Egypt today costs ₦11. While Nigeria to Kenya is; ₦17.

HOW BUSINESSES/DEVELOPERS CAN USE SETTLE

Suppose you are a business, a bank, a developer or an organization that would like to use Settle to make payment from one African country to another. Here’s how you can go about it:

  1. Go to Settle, Register and get API keys
  2. Connect source of funds; Card or Bank account mandate for direct debit in your local currency.
  3. Initiate transfers via API
  4. Settle will debit your connected source of funds and credit the receiver instantly.

Businesses, banks, developers and organizations can gain the API access to use settle for a small setup fee. The transfer fees depend on the sending and receiving country. For instance, from South Africa to Rwanda is R6.

As time changes, so do processes and mediums. At Settle, we invest our efforts and resources into ensuring that African countries are connected and can send and receive payments without hitch.