Global: Africhange Expands to UK, Offering Cost-Effective International Money Transfers

Africhange, a global remittance platform known for facilitating easy money transfers across Africa and North America, has launched operations in the UK. This expansion aims to provide more efficient, cost-effective, and reliable solutions for international money transfers.

Initially, Africhange will focus on the UK-Nigeria corridor, with plans to extend its services to Ghana and Kenya by the end of the year. The new Authorised Payment Institution License enables Africhange to offer various payment solutions for UK users, including discounted exchange rates for students at UK universities and market-leading rates for the general public.

Africhange is also introducing its Afripoints loyalty program in the UK. This program rewards users with cash for transactions, allowing them to earn points for every money transfer. These points can be redeemed as cash or discounts on future transactions. The Afripoints program is already available in Canada, Australia, and Nigeria.

Supporting remittance services across over 100 global corridors, Africhange plans to further expand into Africa, Europe, Asia, and the Americas. The company aims to broaden its range of payment and financial services for users worldwide.

David Ajala, founder and CEO of Africhange, commented on the UK launch: “Africhange’s entry into the UK market represents a significant milestone in our mission to deliver the best possible global payments experience for Africans in the diaspora. Despite the significant inflows of remittance to the continent, the cost of sending money means a significant percentage of those funds don’t get to the recipients and we want to change that. We have big plans and we are looking forward to expanding our services, reaching more customers, and ensuring that everyone can benefit from seamless and cost-effective international money transfers.”

Africhange leverages its innovative platform to deliver seamless, cost-effective, and user-friendly global payment experiences. Users can send money across the world in real-time, with competitive rates ensuring that more money reaches the recipients.

The company supports money transfer services from Canada, Nigeria, Australia, and the UK to various countries worldwide. It offers a range of currencies, including US Dollars (USD), Canadian Dollars (CAD), Chinese Yen (CNY), Nigerian Naira (NGN), Kenyan Shillings (KES), Ghanaian Cedis (GHS), Indian Rupees (INR), Australian Dollars (AUD), British Pound Sterling (GBP), and more.