Duplo Partners with Loita Business to Revolutionize B2B Payments and Financial Operations Across Southern Africa

A new business partnership is expected to significantly improve the financial operations of African firms. The Leading B2B payment automation provider Duplo has partnered strategically with Loita Business of Loita Group, a pan-African technology company that powers more than 5,000 fintech and e-commerce companies.

All about Duplo and Loita Business

Duplo is one of the dominant B2B payments platform in Africa, supporting cross-border money transfers, expense management, vendor payments, and spend management. Duplo’s unified financial and payment infrastructure makes it possible for companies to function smoothly in a variety of markets, substituting speed, visibility, and control for manual finance workflows.

While Loita Business is a multinational technology company which is focused on e-commerce advancement. Loita Business, boasts an expanding network of more than 5,000 merchants, and also offers solutions to assist SMEs in digitizing financial management, trade, and payments throughout Africa.

The Synergy: The Duplo-Loita Partnership

What happens when you combine Duplo’s user-friendly, agile payment platform with Loita’s deep, bank-grade infrastructure and regional reach? Magic!

For business payments, procurement, financing, and expense management, the new platform will offer a one-stop shop. Businesses, SMEs, and microbusinesses will benefit from:

• Implement automation in their financial procedures to cut down hugely on errors and manual labour.

• Get instant access to cash flow and spending data.

• Utilize a single dashboard to handle expense approvals, vendor payments, and procurement.

• Faster and more transparent access to working capital and financing.

• Finally, it will boost productivity, responsibility, and general financial well-being

“Why Now?”

The timing of this partnership is perfect for meeting the unique requirements of the Southern African market:

1. The SME opportunity: Although small and medium-sized businesses are the backbone of the African economy, they frequently bear the brunt of ineffective payment systems. They can now access enterprise-grade payment tools thanks to this partnership.

• Formalization of economies: There is a push throughout the continent to shift economic activity from the cash-based, informal sector to the formal, digital economy. This collaboration offers the ideal on-ramp.

• The AfCFTA Catalyst: The goal of the African Continental Free Trade Area (AfCFTA) is to establish a single market. Smooth cross-border payments are essential to its success. The Duplo-Loita partnership is constructing the infrastructure required to enable intra-African trade.

Yele Oyekola, Co-Founder and CEO of Duplo, said: “At Duplo, our mission is to make business payments effortless across Africa. This partnership with Loita Business allows us to bring modern financial tools to tens of thousands of businesses in Southern Africa, empowering them to operate faster, trade smarter, and grow beyond borders.”

It is clear as day that Africa’s economy is based on cross-border trade.

Cross-Border Payments: What Are They?

Financial transactions between parties situated in different nations are known as cross-border payments. They entail moving money between nations, usually via banks or other financial institutions, and frequently call for currency conversions.

Cross-border payments allow African companies to:

• Paying suppliers and getting payments from clients around the world, which is generally known as international trade.

• Investment flows: Getting money from foreign investors.

• Remittances: Providing international family support.

• Selling goods and services to clients abroad which is also widely known as e-commerce.

• Managing finances in several African markets is part of business expansion.

To put it another way, the financial foundation of Africa’s expanding trade ecosystem is cross-border payments. However, in reality, a lot of businesses still face more obstacles than opportunities.

This alliance will concentrate on creating a single platform that will simplify payments, automate procurement procedures, and enhance businesses’ overall financial management. It will provide a single point of access for financing options, procurement, business payments, and tools for managing expenses.

Final takeaway

The Duplo × Loita partnership is a calculated attempt to lower friction in B2B payments and procurement throughout Southern Africa. It will involve, combination of platform technology (payments automation) with market reach (Loita’s B2B marketplace and merchant network).

Although it leaves operational details (country-by-country rollout, pricing, and specific rails) to be announced later, the announcement lays out clear goalsand benefits for suppliers and buyers.