BUSINESSNews

Nigerian remittance services provider Africhange launches in the UK


Africhange, a Nigerian remittance services provider has launched its operations in the United Kingdom (UK).

The platform which can be accessed via the website or mobile app allows users to send money across borders, particularly between Canada, Nigeria, Australia and the UK.

Starting with the UK-Nigeria corridor and expanding to include Ghana and Kenya before the end of the year, Africhange’s new Authorised Payment Institution License will underpin the delivery of a range of payment solutions, including remittance services, for UK users. 

“Africhange’s entry into the UK market represents a significant milestone in our mission to deliver the best possible global payments experience for Africans in the diaspora. Despite the significant inflows of remittance to the continent, the cost of sending money means a significant percentage of those funds don’t get to the recipients and we want to change that. ‘’ David Ajala, the founder and CEO of Africhange, said.

‘’We have big plans and we are looking forward to expanding our services, reaching more customers and ensuring that everyone can benefit from seamless and cost-effective international money transfers.”

With Africhange, students enrolled in UK universities can now get discounted exchange rates on top of the market-leading rates available to the general public. 

Africhange said in a statement that is also planning to introduce its innovative loyalty program (Afripoints) which allows users to earn cash rewards for sending or receiving money through the platform. With Afripoints, users are able to accumulate points for every transaction, which can be withdrawn as cash or spent as discounts on transactions. This program is already available to users in Canada, Australia, and Nigeria, and will soon be launching in the UK.

Africhange currently supports remittance services across more than 100 corridors globally, with more corridors across Africa, Europe, Asia and the Americas to come, as well as a broader range of payment and financial services for users. 

The platform leverages its innovative platform to deliver seamless, cost-effective and user-friendly global payment experiences for users, enabling them to transfer funds internationally. Users can send money across the world in real-time, with competitive rates ensuring that more money reaches the recipients.

The company supports money transfer services from Canada, Nigeria, Australia and the UK to various countries across the world, with a range of currencies including US Dollars (USD), Canadian Dollars (CAD), Chinese Yen (CNY), Nigerian Naira (NGN), Kenyan Shillings (KES), Ghanaian Cedis (GHS), Indian Rupees (INR), Australian dollars (AUD), British Pound Sterling (GBP) and more. 

Follow us on TelegramTwitter, and Facebook, or subscribe to our weekly newsletter to ensure you don’t miss any future updates. Send tips to editorial@techtrendsmedia.co.ke

Facebook Comments

Samsung’s Galaxy Z Fold6 and Z Flip6 Kenya Launch

Nixon Kanali

Tech journalist based in Nairobi. I track and report on tech and African startups. Founder and Editor of TechTrends Media. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

Have anything to add to this article? Leave us a comment below

Back to top button