Nomba Expands Cross-Border Payments with UK Open Banking Integration
The integration uses the UK’s Open Banking framework, enabling customers to authorize payments straight from their banking apps instead of using cards.
Nigerian fintech Nomba has partnered with UK payment platform Volume to let Nigerian businesses receive payments in British pounds (GBP) directly from UK bank accounts. The integration uses the UK’s Open Banking framework, enabling customers to authorize payments straight from their banking apps instead of using cards.
The move reduces reliance on traditional card processors and cross-border fees, while giving merchants flexibility to hold funds in GBP, convert to Naira (NGN) or USD, or move balances as needed. Payments are processed via Volume and settled instantly into a merchant’s GBP wallet.
Early adopters, like Lagos-based beauty brand BeautyByDaz Nigeria, have already processed thousands of pounds from UK customers in the first two months. This corridor is part of Nomba’s broader strategy to expand international payment routes, making global transactions feel as simple as local ones for African businesses.
