Kenya’s eCommerce market has made significant strides over the last few years. Several factors, including the country’s adoption of a digital economy blueprint, have boosted Kenya’s eCommerce market.
Increased internet penetration and smartphone usage have also played pivotal roles in online transactions, as more and more Kenyans are purchasing their products using mobile bank accounts.
Combine the government's ambition for universal 4G coverage alongside growing smartphone usage and you have the recipe for one of the fastest growing eCommerce markets on the continent.
Both B2B and B2C, are taking advantage of the growing market and establishing their business in Kenya.
Exploring Kenya’s Surging eCommerce Market
Payout Challenges for
The Gig Economy
The Gig Economy, including Gig Platforms and companies serving gig workers, face a unique set of challenges including:
Payout Processing Fees
The cost of sending payments can eat into your revenue. Minimizing these fees is a constant balancing act.
Diverse Payouts
Gig workers have widely varying preferences for their payouts. From bank transfers to digital wallets to APMs, providing a range of payout options is complex.
Cross-Border Payouts
The Gig Economy engages workers around the globe. Cross-border payment challenges including currency conversion and fees must be considered.
Income Reporting
Gig workers need tools to track their income for tax purposes. Maintaining these features can be demanding.
Underbanked Workers
In regions where banking services are less accessible, Gig workers may lack the necessary infrastructure to receive digital payments.
Compliance with Tax Regulations
Companies working with Gig workers must comply with local tax regulations and reporting requirements.
MassPay: A Single Solution for a Global Gig Economy
For every problem, MassPay offers a scaleable and easy to use solution. You can count on MassPay to be sure all your operating and reporting requirements are met.
Global Payout Processing
MassPay offers a scaleable, easy to implement, and easy to use solution that enables companies to facilitate quick and efficient payouts to gig workers worldwide.
Multi-Currency Support
Support for 70+ currencies means you can handle cross-border transactions easily with seamless currency conversion and transparent pricing.
Compliance and Tax Reporting
Tools for global tax withholding, reporting, and managing tax documents means MassPay has you covered, no matter in the world you're issuing payouts.
Real-Time
Tracking
MassPay offers customizable, real-time dashboards for payers and payees, providing detailed tracking, management, and reporting features.
UNDERBANKED
SOLUTIONS
Gig workers without bank accounts? MassPay supports cash pickups and hundreds of APMs so you can attract and retain the talent you need.
Instant or Scheduled Payouts
Enable instant payouts or scheduled payments. Provide your gig workers with unmatched flexibility and quicker access to their earnings.
Diverse Gig Workers,
Diverse Payout Options
Access the widest range of payout methods available to meet the preferences of your Gig workers. Bank transfers, digital wallets, prepaid cards, alternative payout methods, and support for 70+ local currency options.
Everything you need to successfully operate globally is waiting for you with MassPay .
PAYOUTS THAT
CATER TO THE GIG ECONOMY
Mobile Payouts:
Support workers by offering payments directly to their preferred mobile payment apps.
Bank Transfers:
Direct bank transfers or Automated Clearing House (ACH) transfers are widely preferred, so offer them.
Digital Wallets:
PayPal, Venmo, Alipay, and other local wallets, MassPay has convenient options for sending funds.
Prepaid Cards:
Offer prepaid cards for those who do not have traditional bank accounts.
Code-Free Launch
Start instantly with a white label portal.
Seamless Solutions
One API. One KYB. Frictionless Global Payouts.
The MassPay platform is simple and easy to use and there are a multitude of payout options our distributors can choose from when withdrawing their funds. If an issue does happen to arise the MassPay team is on top of it; they are one of the most responsive companies that we have done business with.
"Overall our experience has been great so far."