Passpoint provides a unified payment infrastructure enabling businesses to manage collections and payouts across over 30 payment methods throughout Africa. The platform offers treasury services for efficient exotic currency exchange and smart routing to optimize transaction costs and speed. This single API solution simplifies compliance and allows businesses to scale operations seamlessly across diverse African markets and connect to global trade corridors.
Funding
Funding not disclosed
Founders
Product
Problem
Travelers and businesses face complexities in managing finances across borders, including currency conversions, transaction fees, and disparate payment systems. Existing solutions often lack seamless integration and can be cumbersome for both individual travelers and organizations managing global operations.
Solution
Passpoint provides a mobile platform offering virtual and physical payment cards designed to streamline travel-related transactions in multiple currencies. The platform enables users to make payments, manage expenses, and access funds globally with ease. Passpoint offers multi-currency wallets, allowing users to instantly convert funds and spend money seamlessly. Businesses can leverage Passpoint to automate travel policies, manage expenses, and make global payouts without currency concerns.
Target Audience
Passpoint targets individual travelers and businesses, including travel agencies and corporate travel departments, seeking efficient solutions for managing international payments and travel-related expenses.
Features
- Virtual and physical payment cards for international transactions
- Multi-currency wallets supporting instant currency conversion
- Travel API for integrating flight, hotel, and tour booking services
- Virtual Cards API for issuing virtual cards for secure online transactions
- Multi-Currency Wallets API for cross-border transactions and fund management
- Platform for travel agents and hospitality providers to showcase services
- Tools for automating travel policies and managing expenses