#News
AliExpress to Expand Local Currency Payments in Ethiopia and Beyond.
AliExpress, the global e-commerce platform owned by Alibaba, is set to expand its local currency payment options across several African countries, including Ethiopia, Nigeria, Kenya, South Africa, and Egypt, by February 24. This initiative is designed to enhance accessibility and convenience for African consumers, eliminating the reliance on international payment methods such as credit cards and foreign currency exchanges.
By allowing transactions in local currencies, AliExpress aims to address one of the biggest barriers to online shopping in Africa—limited access to international payment systems. Many African consumers face difficulties making purchases online due to restrictions on foreign currency usage and a low penetration of global banking services. This expansion is expected to encourage more customers to shop on the platform, driving e-commerce adoption across the continent.