Vesicash, a financial technology company, has expanded its operations into key African markets and launched its Merchant of Record (MoR) product, which is the first of its kind on the continent. The MoR product handles payments from customers, compliance, and payout to businesses, reducing the need for operational overhead and allowing businesses to focus on localising their product, packaging, and marketing. The technology connects African businesses to suitable partners and allows them to scale quickly to other markets. The company has also improved its flagship digital escrow product, adding new features such as milestone capability and third-party managed escrow. Vesicash has partnered with strategic players such as Flutterwave, Alexpay, and Wapipay to offer its business users greater payment flexibility for their customers.

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