Nomba Launches Global Payout API to Simplify Cross-Border Payments for Nigerian Businesses - Tech

Nomba Unveils Cross-Border Payment Interface to Empower Nigerian Businesses in Global Trade

A Nigerian fintech company, Nomba has introduced a new cross-border payment interface that is constructed to simplify international transactions for both individuals and businesses. This launch signifies a prominent step in fixing long standing issues and challenges around foreign exchange, compliance, and settlement delays that may have caused a hindrance to Nigeria’s participation in global commerce. According to the Chief Executive Officer of…

Nomba launches Global Payout API, to help Nigerian operators cut FX sourcing and capital lockups in cross-border payments

Nomba's Global Payout API lets fintechs collect naira or stablecoins and pay out across 5 markets instantly.

Nomba's new API lets fintechs pay out to 5 countries without the FX headache

For anyone who has tried to run a cross-border payments business from Nigeria, the frustration is familiar. You collect naira on one end, then scramble to source foreign currency through OTC markets while your customer waits. Meanwhile, you are holding reserve positions on the payout side too. Capital is frozen in two places at once, and every transaction costs you more than the fee you charged for it. Nomba, Nigeria’s business payments company,…

Nomba Launches Global Payout API to Simplify Cross-Border Payments for Nigerian Businesses - Tech

Nomba has launched a new Global Payout API to simplify how Nigerian payment firms move money across borders. Designed to enable businesses collect funds in naira or stablecoins and send payouts to the United Kingdom, Europe, Canada, the Democratic Republic of Congo and Nigeria, the new system handles foreign exchange conversion instantly and locks in rates at the point of transaction. For years, operators in this space have had to manage cash on…