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best payment gateway providers in Ethiopia

PayCly is one of the best payment gateway providers in Ethiopia. A payment gateway is a software technology that enables online financial transactions by sending payment details from the merchant's web portal to the acquiring bank. A payment gateway performs several security checks before transmitting to protect the specifics of the transaction, including tokenization and encryption.

If a business owner wants to launch an online store to offer products and services, he or she requires a payment gateway. It enables you to take payment or remuneration for your goods and services using various payment methods, including credit cards, bank transfers, ACH, cryptocurrencies, etc.

Why Do You Need a Payment Gateway in Ethiopia?

Ethiopia's economy has experienced one of the world's fastest growths in the last 15 years (at an average rate of 9.5% annually). With about 117 million people as of 2021, Ethiopia is the second most populous nation in Africa after Nigeria and the fastest-growing economy in the region. Internet penetration rose 2400% within a decade in Ethiopia. In 2011, only 1% of Ethiopians had access to the Internet; that reached 25% in 2021 and continuously overgrowing.

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The E-commerce market has hit USD 1171.00 million in 2022 and is expected to cross USD 2423.00 million by 2025. The E-commerce market is growing fast in the nation, and nowadays, people prefer to buy goods and services online due to various features, including time-saving, money-saving, options availability and door-step delivery.

Types of Payment Gateways

International Payment gateways are classified into three categories, and PayCly offers all of them.

How Does a Payment Gateway Work?

We have simplified the technique to make it simpler to understand.

PayCly is the Best Payment Gateway Providers in Ethiopia

Payment gateways are provided by several PSPs in Ethiopia, including renowned names like Paystack, ipayAfrica, Paypal, Skrill, Voguepay, Flutterwave, 2checkout, etc. Even so, every one of them has its drawbacks. These payment gateways are overpriced, some do not offer pre-built plug-ins for rapid integration, and some do not support a variety of payment options. Similar to that, some want you to sign an extended contract that is legally binding, and almost all do not support unregulated businesses.

Whereas, PayCly is a PSP that customizes according to your requirements and provides you with various fee structures (lowest in the country) and the safest payment environment by employing AI & ML, 3D security authentication and the highest level of PCI-DSS compliance (level 1). We provide extensive support to our merchants and consider them our partners. Our respectful behaviour towards our merchants & oath to provide you with the best makes us a payment industry leader. These are following additional advantages we have:

Frequently Asked Questions (FAQ)

Does PayCly Offer its Services Outside of Ethiopia?

We are like the purest air in global warming—the best service provider in the payment industry. Our presence is around the earth, and we are best in Africa, Asia, Europe and America. We are one of the best international payment gateway providers worldwide. We allow merchants to accept money in any international currency. We also facilitate them to accept payment in any payment mode, including credit card, bank transfer and cryptocurrency.

Despite Payment Gateway, What other Payment Solutions PayCly Provide?

PayCly offers every payment solution that a company needs. In addition to payment gateways, we also offer high-risk merchant accounts, high-risk international merchant accounts, international payment gateways, credit card processing, invoicing software, and many other services. PayCly supports almost every industry, and we've created a few industry-specific merchant accounts that have features of both high-risk merchant account features and industry-specific features. We have a lot of expertise in offering merchant accounts and payment gateways to the following industries:

What is IPTV?

The International Telecommunication Union defined IPTV as multimedia services such as television/video/audio/text/graphics/data delivered over IP-based networks managed to provide the required level of quality of service and experience, security, interactivity, and reliability.

PayCly is the best IPTV payment gateway provider in Africa. It allows you to offer your customer subscription-based services.

What Is the Difference between IPTV and Traditional TV?