Moniepoint Inc., Africa’s fastest-growing fintech, has officially launched MonieWorld, a remittance platform that allows individuals in the United Kingdom to send money directly to Nigerian bank accounts in seconds.
The new service aims to simplify cross-border money transfers for the Nigerian diaspora in the UK, addressing a growing demand for fast, secure, and reliable remittance solutions.
In 2023, remittance flows to Nigeria exceeded $20 billion, highlighting the critical role of diaspora contributions to the Nigerian economy.
“MonieWorld is our way of extending the trust and infrastructure we’ve built in Nigeria to Nigerians abroad,” said a spokesperson from Moniepoint Inc. “It’s a major step in our mission to deliver inclusive financial services to Africans, wherever they are.”
MonieWorld (also operating as Moniepoint GB) is a fully owned subsidiary of Moniepoint Inc. and represents the company’s expansion into the global remittance space. The product is tailored to serve Africans in the diaspora, with plans to expand beyond the UK market soon.
Backed by Moniepoint’s award-winning technology and robust customer base of over 10 million users, MonieWorld provides a seamless experience for users looking to send money home quickly and confidently.
The launch of Moniepoint signifies its entrance into the remittance business. It will take on the likes of LemFi, Nala, and Remittly, among others, to dominate the competitive remittance playground.
