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
Marketplace Payout Challenges
Marketplaces draw customers and suppliers from around the world. This creates unique challenges including:
Global Fraud Prevention
Protecting against payment fraud and chargebacks is vital, but it can be a complex and costly endeavor without the right support.
Disbursement Efficiency
Ensuring swift and cost-effective payouts to multiple sellers or service providers can be costly.
Regulatory Compliance
Adhering to complex regulations can be a significant challenge. Avoiding legal issues and financial penalties is vital.
Seamless Experiences
User-friendly payout processes are more critical for Marketplaces than any other industry. Any friction could mean a lost customer or a lost seller.
Timely Payouts
Timely and reliable payouts to sellers are crucial. Delays or inconsistencies in the payout process can affect the overall marketplace reputation.
Cross-border Transactions
Currency conversion, local APM support, and international banking systems are a headache.
360-degree Payout Solutions for Marketplaces with one API
The landscape for Marketplaces is competitive. MassPays delivers a comprehensive, easy to deploy, easy to use payment orchestration solution that will scale with your business.
Cross-Border Services
MassPay specializes in global payment solutions. We handle currency conversion and cross-border fees, so you can focus on your business.
Fraud
Prevention
Artificial intelligence and machine learning algorithms to identify and mitigate fraudulent activities in real-time.
Real-Time
Payouts
Instant payout systems ensure sellers receive their funds promptly. Improve cash flow
and increase your seller satisfaction ratings.
Underbanked Solutions
Sellers without bank accounts? MassPay supports hundreds of locally preferred APMs so you can support the sellers your customers want.
Superior Fraud Prevention
MassPay offers robust fraud prevention tools and services, including machine learning algorithms, real-time transaction monitoring, and identity verification.
Regulatory Compliance Tools
MassPay delivers comprehensive tools and data to help Marketplaces remain
compliant with all applicable local regulations.
FEATURES DESIGNED
FOR MARKETPLACES
Integration Capabilities:
White label solutions and seamless, single API integrations deliver rapid deployments & integrations.
Payout Perfection:
Say goodbye to manual errors.
Enjoy instant, precise global payouts.
Real-time Data:
Instant access to real-time reports and data gives you a complete view of your operations.
Single Pane Dashboard:
All of your payments operations are accessible from an easy to access, easy to use dashboard.
Payout Solutions DESIGNED
FOR MARKETPLACE
Multi-Currency Support:
Supporting payouts in multiple currencies, facilitates cross-border transactions and global operations.
Mobile Payouts:
Cater to suppliers and sellers with mobile friendly payouts.
Bank Transfers:
Direct bank transfers or Automated Clearing House (ACH) transfers are widely preferred by marketplace sellers.
Batch Processing:
Optimize operations, process high volume payouts simultaneously.
Instant Payouts:
Real-time processing of payouts gives your sellers immediate access to funds.
Digital Wallets:
PayPal, Venmo, Alipay, and other local wallets. MassPay has convenient options for sending funds.
Code-Free Launch
Start instantly with a white label portal.
Seamless Solutions
One API. One KYB. Frictionless Global Payments.
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."