NIGERIA – Africhange, a global remittance services provider, has launched its operations in the UK.
The platform, accessed via the website or mobile app, allows for quick transfer of Canadian Dollars to Naira from any Nigerian bank account.
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 payment experience for Africans in the diaspora,” said David Ajala, the founder and CEO of Africhanged.
“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.
‘’We have big plans, and we look 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 in addition to the market-leading rates available to the general public.
Africhange said it is also planning to introduce its innovative loyalty program (Afripoints), allowing users to earn cash rewards for sending or receiving money through the platform.
With Afripoints, users accumulate points for every transaction, which can be withdrawn as cash or spent as discounts on transactions.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 launch 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. It also offers 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 that enable users to transfer funds internationally.
Users can send money worldwide in real-time, and competitive rates ensure 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.
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