Meet the London fintech betting that NGN-to-GBP payments shouldn’t take three days
A Nigerian company needs to pay a UK supplier. The invoice is due Friday. The bank says the transfer will “typically” clear in 2-3 business days. It’s Wednesday. For a business moving money between Nigeria and the UK, that can mean waiting until next week for funds to arrive. And while this particular payment may […] The post Meet the London fintech betting that NGN-to-GBP payments shouldn’t take…
A Nigerian fintech startup, TranzyPay, claims its service can eliminate the three-day waiting period often experienced when transferring funds from Nigeria to the United Kingdom. The company's solution is simple - NGN-to-GBP transactions settled within a day, with compliance handled automatically behind the scenes. TranzyPay, registered in the UK and authorized by the Financial Conduct Authority, offers dedicated compliance and finance leadership to manage the regulatory complexities of cross-border payments.
Their service includes GBP business accounts, multi-currency accounts, and built-in KYC and AML screening. The demand for such a service is clear, with £7.6 billion in goods and services traded between the UK and Nigeria in the first quarter of 2025 alone. As more businesses operate across both markets, the need for faster, more efficient cross-border payment solutions becomes increasingly apparent.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
