As of the conclusion of 2023, there was a notable decline of 3% in diaspora remittances to Nigeria, resulting in a decrease from over $20 billion in 2022 to $19.5 billion, as reported by the World Bank. While this reduction can be partially attributed to the broader trend of a protracted recovery from the impact of the COVID-19 pandemic, there are additional contributing factors.

Presently, neither the post office nor any mobile money operator is offering cross-border remittance services. However, Seerbit, an online payment gateway, has emerged as a solution provider, offering products and infrastructure that facilitate seamless payment collection across Africa. The company positions itself as a plug-and-play payment solution suitable for businesses of all sizes.

By integrating Seerbit’s solutions, local businesses can enhance their operational efficiency and unlock their full potential. This implies that small businesses, for instance, will no longer be burdened with the manual collection of payments from local or international customers, nor will they need to initiate and reconcile payments. Seerbit assumes responsibility for these tasks, alleviating the administrative burden for businesses.

Essentially, Seerbit is a platform that provides businesses with the necessary digital tools to facilitate payment processing from their customers.

In a recent conversation with Hi-Tech, the company’s Founder and CEO, Omoniyi Kolade, highlighted the challenges faced by customers in Africa due to limited internet access and financial services. Seerbit’s intervention aims to overcome these obstacles and empower businesses to deliver optimal services to their customers.

“At Seerbit we place value on educating our target audience on the ‘how-to’ of payment platforms, and also on broader business insights relevant for their operational success. We specialize in building scalable payment infrastructure, by deeply understanding our clients’ business models, we create customized solutions that expedite market entry and optimize payment processes across their entire value chain.”

In the meantime, numerous other platforms take pride in their ability to accomplish all of these tasks. However, Mr. Omoniyi asserts that the primary distinction between his organization and others in the paytech industry lies in the approach employed to address these concerns.

“At Seerbit, we recognise that the majority of Africa’s transactions are still happening offline despite the digital boom and the growing trend of digital commerce on the continent. Our payment solution focuses on bridging the gap between online and offline usage, with innovations that defy boundaries. This helps merchants across the globe reach a larger audience, scale their operations and on overall satisfy all types of customers in the most seamless way.

Kolade elucidated that Seerbit’s platform is meticulously crafted upon the cornerstone of collaboration. By forging strategic partnerships with esteemed financial institutions and other pivotal entities within the ecosystem, the company has successfully established a robust network that facilitates seamless transactions.