Mercurie Streamlines Subscription Payments for African Companies

In terms of transaction costs, Africa has some of the highest remittance rates in the world. For individuals and businesses that depend on timely money transfers, payment processing delays might also extend for many days.

Software as a Service (SaaS) provider Mercurie, a firm that merges cloud deployment and efficiency with software payment and subscription management, has introduced its next-generation platform, a complete digital service management and payment system intended to help African businesses save expenses and optimize operations.

Foreign exchange fluctuation, discontinuous payment systems, and the difficulty of processing multiple subscribers are major challenges for African companies. By offering a single, integrated platform to streamline software payments, centrally manage licenses, and minimize costs associated with digital services, Mercurie addresses these issues.

By allowing companies to handle and pay for international digital services in their home country’s currency, the new platform removes the issues brought on by unstable foreign exchange rates and disjointed payment systems.

Ayode Akinfemiwa, the CEO and founder of Mercurie and a former Google executive, said, “Mercurie streamlines business software payments, removing currency exchange headaches for African businesses.”

“Our platform enables businesses to centralize all of their digital service payments for business purposes into a single interface, greatly minimizing administrative workloads and enabling cost savings.”

Mercurie unveiled Adpay, a technology that also enables local currency exchange payments for Google Ads, in August 2022.

Building on its achievements, Mercurie helped companies take advantage of its AI-driven capabilities by adding Google Cloud and Google Workspace to its list of offerings.

Subscribing to these international software services and SaaS solutions posed major challenges for several African firms. High transaction costs, problems with currency translation, and the administrative strain of overseeing several subscriptions are common problems for businesses.

By integrating with Zoho, Digital Ocean, Huawei, AWS, along with other cloud and SaaS providers, Mercurie is currently growing its ecosystem.

With the help of Mercurie’s recently released platform, businesses can now manage all software subscriptions centrally, pay in local currency, get rid of the headache of having several invoices and payment methods, and access professional support for software deployment, training, and continuous optimization.

By overcoming payment friction and SaaS management difficulties, Mercurie hopes to change how African businesses connect with the global digital economy, one flawless transaction at a time.

The business strategy mixes partner discounts and transaction fees, Akinfemiwa told Techpoint Africa.

We charge a portion of ad spend as fees for certain of our services, such as paying for Google Ads, but we don’t charge our clients for other services, including Google Workspace and Google Cloud. Actually, we give them a discount on the membership price, so using us to pay for it is less expensive.

In addition to providing access to export assistance for software implementation, training, and optimization, the platform will allow payments in local currency, eliminating the need for complicated foreign exchange and expensive transaction fees.

Significant benefits have been recorded by early adopters; in just three months, one business reduced administrative expenses by over 40%. Mercurie enables organizations to concentrate on expansion and innovation instead of financial logistics by streamlining subscriptions and streamlining payments.

The connection with Google Workspace is the platform’s first priority as it makes it simple for businesses to utilize its powerful AI capabilities. Additionally, Mercurie has agreements with AWS, Huawei, Digital Ocean, and Zoho. These and more cloud, SaaS, and advertising companies will soon be merged into the Mercurie platform.

Mercurie’s platform debut comes at a time when operating costs for African companies are on the rise. Mercurie’s platform and other local alternatives that simplify operations and cut expenses are especially pertinent. The Mercurie website provides extensive details and a detailed explanation on how to set up a demo.

Payment issues frequently prevent African firms from accessing necessary digital tools, which results in inefficiencies and increased expenses. Mercurie aims to eliminate obstacles to digital adoption and empower businesses to function more effectively in the global marketplace by providing a smooth payment and administration solution.