Klasha is one of the biggest companies in the world that helps people send money across borders. They are excited to say that they have signed an MOU with the China-Africa Chamber of Commerce in Yiwu and Rocher Global to offer their businesses cross-border payment services.
The CEO of Klasha, Jess Anuna, accepted an offer from Rocher Global to visit Yiwu International Trade City, dubbed the “world’s largest small commodity wholesale market,” on June 24. The head of the China-Africa Chamber of Commerce in Yiwu, Mr. Zhu Shun was there for the meeting.
Read also: Anambra University partners tech firm to empower students with AI
What are the prospects for China-Africa trade in Yiwu?
Klasha and the China-Africa Chamber of Commerce Chairman in Yiwu visited Yiwu’s largest wholesalers. The trade centre showed how China and Africa can work together on trade and economic issues in various ways.
Mr. Zhu Shun, Chairman of the China-Africa Chamber of Commerce in Yiwu, and representatives from Rocher Global and Klasha talked about the current state of the trade market in the context of globalisation. They also discussed how to build a digital platform for trade between China and Africa and improve payment options for people travelling across borders.
Klasha CEO Jess Anuna commented on the new whitepaper, “Cross-border payments between China and Africa: trends, opportunities, and challenges”. She stated, “Transferring money or taking payments between China and Africa presents issues that are hard to discover until you start designing solutions and untangling the value chain. However, China-Africa trade rose to $257.67 billion in 2022 and $282.1 billion in 2023. At Klasha, we offer frictionless solutions to let Chinese enterprises reach continental clients and vice versa.”
China-Africa Chamber of Commerce in Yiwu, Rocher Global, and Klasha signed an MOU to partner. This relationship gives Klasha access to all China-Africa Chamber merchants.
Klasha intends to construct an office in Yiwu and establish a long-term, stable collaboration to enhance China-Africa trade.
“This partnership between Klasha, the China Africa Chamber of Commerce in Yiwu, and Rocher Global is significant. We have unprecedented access to a vast merchant network, which helps us facilitate China-Africa trade. This partnership would help China and Africa thrive economically, said Klasha Managing Director, Asia Operations Justin Fan.
Read also: AU set to discuss AI-powered digital transformation in Africa
About Klasha
Klasha is a global tech company building a platform and APIs to make it easy for money to move to and from emerging countries. Through our extensive API stack, Klasha lets companies receive and send money and store both hard and soft currencies. Klasha was started by Jess Anuna in 2021. Collecting and sending over 120 different currencies saves businesses time and money.
With payments and logistics, Klasha helps ship items across borders. Their technology works with e-commerce sites, which lets companies from around the world sell to people in Africa without dealing with shipping and customs. Klasha’s service improves the shopping experience by making it easier and more accessible for African customers to shop abroad.
Klasha’s financial expertise is helping African e-commerce flourish, creating new opportunities for consumers and businesses. The company’s creative method removes significant obstacles to trade across borders, helping more people access money and growing the economy in the area. Klasha’s platforms give African customers more products to choose from and give foreign stores a way to reach a growing market.
