×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Global payments portal to ease Kenyan businesses importing woes

Imagine you need to import machinery from China or India. Normally, you would need to take your shillings and exchange them for dollars prior to paying the supplier. A similar process would occur on the receiving end, with the dollars exchanged for the supplier’s currency.

These multiple foreign exchange conversions, and the costs associated with this, have direct bottom-line implications for both the buyer and seller.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in