Nigeria-based fintech Moniepoint has launched MonieWorld, a remittance and digital finance app aimed at the African diaspora in the UK.
Why it matters
The UK is home to a large Nigerian community that sends billions in remittances annually. MonieWorld is designed to simplify these transactions while promoting financial inclusion and trade between the UK and Nigeria.
How it works:
- Available on the App Store and Google Play
- Enables fast transfers to Nigeria
- Offers competitive exchange rates adjusted throughout the day
- Zero transaction fees
- Accepts multiple payment methods, including Apple Pay and Google Pay
Zoom out
Moniepoint, known for powering Nigeria’s SME network with digital payments, credit, and bank services, claims to serve over 10 million businesses and individuals. The company is now extending its reach to diaspora communities, where remittances play a vital role in Nigeria’s economy.
What they’re saying
Moniepoint says MonieWorld will not only support personal remittances but also help scale financial access, boost bilateral trade, and strengthen Nigeria’s economy.
What’s next
After its UK debut, MonieWorld will expand into a broader platform for African diasporas globally, with additional financial solutions in the pipeline.
Source: The Paypers
