RedCloud Holdings plc (“RCT”) (“RedCloud” or the “Company”) today announced the launch of the first in a series of partnerships with digital payment providers, expanding its RedPay payments proposition.
Beginning today, Paystack – a Stripe company – will offer RedCloud customers a range of different payment methods at point of purchase, enabling businesses across Africa flexibility and convenience when trading inventory and stock.
RedCloud believes that digital payment friction is a major barrier to seamless trade across the supply chain. Lack of secure and immediate methods to pay for inventory and stock directly contributes to the estimated $2 trillion inventory gap1, where consumers are often unable to find essential everyday items on store shelves.
Building on RedPay’s existing proprietary digital payment capabilities, customers in Nigeria will now have access to a wider range of additional payment options, including direct bank transfers and OPay wallets.
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By entering partnerships with key payments providers such as Paystack, the Company aims to increase flexibility and convenience at checkout across all of its markets, with additional announcements anticipated in the coming months.
“Following the landmark GENIUS Act legislation on stablecoins this week, credible digital payment options are expanding—bringing greater choice and flexibility to support dynamic trade in high-growth markets such as Argentina, where such innovation is more vital than ever,” said Justin Floyd, Founder and CEO of RedCloud. “We’re thrilled to partner with Paystack in Nigeria—a first step in our broader strategy to offer customers across our markets the widest range of digital payment options and providers.”
Nefe Etomi, Business Lead at Paystack added, “We’re thrilled to partner with RedCloud to make payments easier and more flexible between distributors and retailers across Nigeria. Whether it’s a direct transfer or an OPay wallet, our focus is on delivering intuitive, reliable experiences that remove friction and empower our merchants to grow. This partnership reflects our shared belief in the power of technology to unlock trade.”
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