9th-Feb-2026 • Faith Chebet • Crossborder Payments
In today's interconnected world, expanding your business beyond Kenya's borders presents a multitude of opportunities. However, navigating cross-border payments can often seem daunting for Small and Medium Enterprises (SMEs).
Cross-border payments encompass the electronic transfer of funds from one country to another. For Kenyan SMEs looking to tap into global markets, these transactions are essential but come with unique challenges.
Traditional cross-border payment methods can be time-consuming, costly, and riddled with complex regulations. These inefficiencies often discourage businesses from exploring international trade, preventing them from realizing their full growth potential.
Fortunately, the digital age has brought forth a plethora of innovative solutions designed to streamline cross-border payments for SMEs.
Take Lipabiz Technologies Ltd, for instance. Our platform offers seamless cross-border payment services tailored to meet the needs of Kenyan businesses.
Our platform leverages advanced technologies such as blockchain and API integrations, ensuring swift and secure transactions. Moreover, we offer competitive exchange rates, eliminating the need for expensive intermediaries.
Consider the story of Mombasa-based coffee exporter, Coffee Connection. By partnering with a modern cross-border payment provider, they were able to simplify their international transactions and significantly reduce costs.
According to the Kenya National Bureau of Statistics (KNBS), exports rose by 7.5% in Q3 of 2021 compared to the same period in 2020. Modern cross-border payment solutions can contribute to these encouraging figures, making global trade more accessible for SMEs.
As a Kenyan SME owner, you too can take advantage of the opportunities offered by cross-border payments. Embrace digital solutions that cater to your business needs and enable you to compete effectively in international markets.
