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Nomba has introduced a Global Payout API aimed at simplifying cross-border payment operations for Nigerian businesses, as demand grows for faster, more efficient international money movement.
The new solution enables businesses to collect funds in naira or stablecoins and execute payouts across key corridors, including the United Kingdom, Europe, Canada, the Democratic Republic of Congo, and Nigeria. It also integrates real-time foreign exchange conversion, allowing rates to be locked in at the point of transaction.
The launch addresses a longstanding challenge for payment operators, who traditionally manage liquidity across multiple currencies—collecting in naira while sourcing foreign exchange separately for payouts. This fragmented process often ties up capital and delays transactions.
According to the company, the API consolidates collection, conversion, and disbursement into a single transaction flow. Once funds are received—either in naira or stablecoins such as Tether (USDT) or USD Coin (USDC)—conversion is executed instantly, enabling immediate payout processing.
Chief Executive Officer Yinka Adewale said the product is designed to eliminate operational inefficiencies in cross-border payments. He noted that businesses often face delays while sourcing foreign currency, even after collecting funds locally.
The API also offers predefined payout routes tailored to regional payment systems. Transfers to the UK are processed via Faster Payments within one to three hours, while European transactions leverage SEPA for near-instant settlement. In Canada, payouts are supported through Interac and bank transfers, while transactions to the Democratic Republic of Congo can be completed via mobile money or bank channels. Nigeria remains the base corridor for operations.
A key feature of the platform is a five-minute exchange rate lock, which ensures that the rate quoted at the start of a transaction remains unchanged at settlement, reducing exposure to volatility and minimising disputes.
The product launch comes amid persistently high cross-border transaction costs across Africa, where sending $200 can cost nearly 8 per cent on average. At the same time, stablecoins are gaining traction across Sub-Saharan Africa, accounting for a growing share of digital asset transactions.
Regulatory developments are also shaping the market. Recent tax policies in Nigeria now classify foreign exchange conversions, service fees, and digital charges as taxable events, increasing the need for automated compliance within payment systems.
Founded in 2016 as Kudi, Nomba has evolved from an agency banking platform into a broader payments infrastructure provider. The company reported processing ₦122 billion across 1.85 million transactions in 2025, with virtual accounts driving a significant share of its API activity.
With the introduction of the Global Payout API, the company is positioning itself to reduce liquidity constraints, improve transaction speed, and enable payment providers to operate more efficiently without maintaining multiple currency reserves.
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