Nomba wants Nigerian merchants to collect pounds directly from UK banks
- Nomba partners with Volume to enable Nigerian businesses to collect GBP directly from UK bank accounts.
- The integration allows merchants to receive bank-to-bank payments, reducing reliance on international card processors.
- Nomba's CEO, Yinka Adewale, emphasizes that this partnership will help merchants avoid losing 6-7% of revenue due to cross-border payment fees.
Nomba's partnership with Volume represents a significant step towards enhancing the financial infrastructure for African businesses, particularly in facilitating smoother cross-border transactions. This initiative not only addresses existing inefficiencies but also opens up new avenues for growth and competitiveness in the global market. Further discussions could explore the potential impacts on local economies and the scalability of such payment solutions.
