8B provides a platform for processing payments and disbursements using local payment methods in over 40 countries, focusing on hard-to-reach markets. The technology ensures regulatory compliance and facilitates seamless transactions, enabling businesses to expand their customer base and improve cash flow in challenging regions.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to expand into emerging markets due to the complexities of local payment methods, varying regulations, and language barriers. Payment service providers (PSPs), fintech companies, and platforms need a reliable solution to navigate these challenges and offer their customers seamless transactions in hard-to-reach countries.
Solution
8B provides a payment infrastructure that enables businesses to process payments and disbursements using local payment methods (LPMs) in over 40 emerging markets across CIS, Southeast Asia, and Africa. The platform offers a unified API and localized solutions to handle language barriers, local requirements, and domestic ecosystems. 8B ensures regulatory compliance and secure payment flows by operating on licensed cross-border rails in key markets, including Kazakhstan, the UK, and Canada. This allows businesses to extend their reach, improve cash flow, and tap into new customer bases in regions with high growth potential.
Target Audience
8B primarily targets payment service providers (PSPs), fintech companies, credit institutions, apps, wallets, accounts, marketplaces, and platforms seeking to expand their payment and disbursement capabilities in emerging markets.
Features
- Access to over 80 local payment methods across 40+ countries, with an average of two new LPMs added monthly
- Compliant payment flows adhering to domestic, cross-border, and global regulations
- Localized solutions to handle language barriers and domestic ecosystems
- Unified API for streamlined integration of payment and disbursement functionalities
- Support for both fiat and crypto collections with clear, upfront exchange rates
- Licensed cross-border rails in Kazakhstan, the UK, and Canada
- Customizable settlement options to meet specific business needs
- API guide and references for developers to facilitate easy integration