Paystack, Stripe, and Xero Join Forces to Revolutionize Payments for South African SMEs
Paystack, a prominent African payment gateway, has partnered with Xero, the global small business accounting platform, via Stripe to streamline invoicing and payment processes for South African businesses. This integration aims to simplify cash flow management and promote digitization for SMEs in the region.
Seamless Payments within Xero for Enhanced Efficiency
The collaboration embeds secure payment processing directly into Xero’s cloud accounting software. This allows South African businesses to easily create digital invoices containing a “Pay Now” link. This provides customers with a variety of payment options, including card payments, bank transfers, and Apple Pay. A key benefit of this integration is the automatic synchronization of payments with Xero, instantly matching records to customer profiles. This significantly reduces reconciliation time, provides real-time financial insights, and frees up valuable time for business owners to focus on growing their operations.
This integration represents a significant step forward in simplifying financial management for South African businesses. According to Thomas McKinnon, Country Lead, Paystack South Africa, “Our partnership with Xero gives South African businesses an invoice‑to‑payment flow with one‑click reconciliation, so getting paid is faster and finance stays simple. That frees up business owners to focus on growth.” By combining Paystack’s payment gateway expertise with Xero’s robust accounting platform, South African SMEs can expect a more efficient and streamlined financial workflow.
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