28th-Nov-2025 • Isaac Kennedy • Crossborder Payments
Small and Medium Enterprises (SMEs) in Kenya are increasingly exploring international markets to expand their reach. However, one significant challenge that often arises is managing cross-border payments effectively. This article aims to shed light on the importance of streamlined cross-border payment solutions for SMEs in Kenya and how they can leverage these tools to boost their business growth.
Cross-border transactions involve moving money across international borders, which typically incur higher costs due to exchange rates, fees, and other charges. These expenses can eat into your profit margins, making it challenging for SMEs to maintain financial stability.
According to a report by the World Bank, Kenya ranked 53rd globally in terms of 'Ease of Cross-Border Trade.' While this is an improvement from previous years, there's still room for enhancement. Adopting a robust cross-border payment system can help SMEs navigate these complexities more efficiently.
Digital payments have revolutionized the way businesses operate, offering speed, convenience, and cost savings. For SMEs dealing with cross-border transactions, digital payment platforms can provide a more secure, transparent, and efficient method for moving funds.
Lipabiz Technologies Ltd offers a comprehensive business management platform and payments platform that caters to the unique needs of SMEs in Kenya. The platform simplifies cross-border transactions by integrating multiple payment options, offering competitive exchange rates, and reducing transaction fees.
By automating the payment process and minimizing manual interventions, Lipabiz ensures seamless cross-border payments. This not only saves time but also reduces errors and fraud risk associated with manual transactions.
With a streamlined payment system in place, SMEs can focus on expanding their business internationally without worrying about the complexities of cross-border payments. Lipabiz offers a user-friendly interface that allows businesses to manage multiple currencies and countries from a single platform.
In today's interconnected world, SMEs in Kenya have the opportunity to tap into global markets. Embracing a robust cross-border payment solution like Lipabiz can help overcome barriers and pave the way for sustainable growth.