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Fintechs Slash Fees on UK-Nigeria Remittances

4 entriesThu, Jun 18 – Thu, Jun 25Fintech & Payments

Timeline

  1. Thu, Jun 25LatestUnverified — not yet reviewed

    OnePurze launches Nigerian cross-border payments platform at early stage

    OnePurze has launched a platform for Nigerians to send and receive international payments, entering a market already intensely contested by Monzo, OneDosh, SendOva, and established players. The startup has disclosed no funding figures, positioning it at the very early stage of the Nigerian cross-border payments competitive landscape. For investors, the continued stream of new entrants reinforces the market's attractiveness while signalling increasing commoditisation pressure on corridor fees.

  2. Wed, Jun 24Unverified — not yet reviewed

    Monzo and OneDosh deepen UK-Nigeria and US-Africa remittance corridors

    UK neobank Monzo has launched remittance services to Nigeria via Wise, while OneDosh is bridging US-Africa remittance flows through Cash App integration, bringing two additional global fintech brands into high-volume African corridors. The dual entry further commoditises African remittance pricing and intensifies competitive pressure on incumbent players, extending the corridor competition narrative that began with SendOva earlier in the week.

  3. Sun, Jun 21Unverified — not yet reviewed

    WapiPay enters Canada, signalling diaspora remittance corridor maturation

    Kenyan fintech WapiPay has obtained a Canadian money services licence, expanding African diaspora remittance infrastructure into a new regulated Western corridor. The move adds to growing evidence of African fintechs maturing beyond home markets into high-compliance jurisdictions, complementing the earlier SendOva UK-Nigeria development.

  4. Thu, Jun 18Unverified — not yet reviewed

    Remittance fintechs compete for UK-Nigeria corridor with fee-free offers

    FCA-regulated remittance startup SendOva is gaining traction among UK-based Nigerians by offering better exchange rates and fee-free transfers, intensifying competition in one of Africa's highest-volume remittance corridors. The trend signals continued commoditisation of remittance pricing and the importance of regulatory credibility as a differentiator.