Recently, Mercury bank announced it will restrict services for businesses in 15 African countries, including Nigeria, Zimbabwe, Cameroon, the Central African Republic, Mali, and more. This sudden change means many businesses will no longer be able to process cross-border payments through their platform.
This decision brings significant frustration and uncertainty. Many entrepreneurs have invested heavily in building businesses that extend solutions beyond borders. Facing such a disruption can be both challenging and disheartening.
Unfortunately, this isn't the first time African businesses have been affected by external decisions, despite all the hard work and dedication involved.
Why Raenest is a Reliable Solution
At Raenest, we understand these challenges because we are part of the African business community. We've built a world-class payment infrastructure specifically designed to meet your needs. Here's how Raenest can support you:
- Seamless Money Transfers
Raenest provides you with a US business bank account that allows you to send and receive money efficiently around the world. Your deposits are also FDIC-insured up to $250,000.
- Multi-Currency Wallet
Our multi-currency wallet supports transfers to over 50 countries and allows you to create up to 20 currency-based wallets. This feature offers the flexibility to transact globally without the usual hassles.
- Corporate Debit Cards
Managing global expenses is simplified with Raenest's 3D-Secure corporate debit cards. You can handle your business expenses with confidence, knowing you have a reliable and secure payment method at your disposal.
The recent announcement from Mercury may cause frustration and disruption, but there is no need to worry. Raenest offers a reliable solution right here in Africa. Our platform is built by Africans, for Africans, and we want to support your business every step of the way.
Getting Started with Raenest
Transitioning to Raenest is straightforward. Visit our website to set up your account. And if you want to see how it works before committing, tap here to book a demo.
