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Ivory Coast, also known as Côte d’Ivoire, officially the Republic of Côte d’Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the center of the country, and its largest city and economic center is the port city of Abidjan. While there are around 78 different languages spoken in Ivory Coast, its official language is French.
Payment Landscape in Côte d’Ivoire
According to Ecofin Agency, currently, in Côte d’Ivoire, 44% of the adult population still does not have access to digital financial services, and to remedy this, the Ivoirian government announced the implementation of the interoperability of digital financial services – including mobile money and mobile banking, as part of the regional financial inclusion strategy led by the Central Bank of West African States (BCEAO).
Thus contributing to Ivory Coast (Côte d’Ivoire) boasting of the fifth-highest percentage of adults with a mobile money account globally.
Despite these implementations, the payment landscape in Ivory Coast still faces some challenges similar to other African countries when it comes to payments and settlements, such as delayed transactions, account restrictions, lack of transparency, and high exchange rates. And due to these problems, individuals and businesses in Ivory Coast have fewer options for a seamless payments and settlement service that can help them expand into frontier markets.
Read on to learn how AZA Finance provides a solution to these challenges and helps businesses expand and enter frontier markets.
What We Do at AZA Finance
AZA Finance empowers companies from 115+ countries to accelerate their operations in frontier markets through better foreign exchange, treasury services, payments, and last-mile settlement, making it easier for enterprises to do business within and out of Africa.
We work with diverse enterprises looking for modern financial services support in frontier markets by providing cross-border payments and transfers, last-mile payments, and mass payouts into multiple payout options like mobile wallets, bank accounts, or cash. AZA Finance streamlines settlement and automates payments and settlement across African and G20 currencies, making it easier than ever for businesses to pay vendors, suppliers, employees, and partners.
Who Can Use AZA Finance?
- Multinational Corporations
For example, corporations with significant operations on the continent, including remittance companies looking for a full-service partner to support their FX, international transfer, last-mile settlements, and mass payout in local currencies. Also, our corporate treasury experience and convenient, easy-to-use API and web-based platforms make us a perfect fit for multinational corporations.
- African Enterprises
For example, enterprises based in Africa needing global payments for invoicing, looking to facilitate intra-Africa FX, last-mile payouts, and looking for remittance, treasury services, and expansion to other African markets. AZA Finance is your “one-stop shop” for financial services.
How Your Business Can Use AZA Finance To Make Remittances, Mass Payouts, And Collections Payments
- Remittances
Seamlessly integrate with our technology and make instant settlements, hassle-free, in one easy API integration, and more. Get access to multiple corridors and currencies, enjoy robust infrastructure, competitive rates, low error rates, fast settlement time, and live transaction status.
- Collections
Receive local payments from your customers instantly in their local currency and with ease through our API. Payments can be made directly through a card, mobile wallet, or bank account.
- Mass Payouts
With one easy API integration, you can pay suppliers, vendors, and business partners automatically in multiple currencies, with access to multiple payout options.
If you would like to learn more, reach out to us here, and one of our payments experts will be in touch with you.
