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OneDosh, an international payments fintech, is expanding its cross-border financial services after registering 300,000 users in less than a year, as digital payment providers compete to make international money transfers faster and more accessible.
The company announced the milestone at its Frontier 2026 event in Lagos on Tuesday, where it unveiled an upgraded version of its application, new security features and plans to extend its operations into 19 additional African countries before the end of 2026.
The event brought together OneDosh Co-founder Babatunde Osinowo, Chief Product Officer Austin Cornell, Chief Marketing Officer Pedro Pinto and Country Manager Taiwo Olowu, alongside partners, investors, company ambassadors and other industry stakeholders.
Speaking at the event, Cornell said the company’s growth strategy was driven by persistent challenges in cross-border finance, particularly slow international transfers, limited access to foreign currencies and restrictions affecting people who live or conduct business across multiple countries.
“Our mission, from the very beginning, has always been to make money move as freely as humans,” Cornell said. “Freedom is essential in your financial life; no one should be told what to do with their money or have their access restricted.”
OneDosh launches upgraded application to improve transaction efficiency
A major highlight of the event was the launch of OneDosh Version 2, an upgraded application designed to improve platform performance and make transactions more efficient.
According to the company, the new version reduces the application’s download size from 121 megabytes to 23 megabytes. It also cuts the median currency conversion time from 186 seconds to 19 seconds.
The improvements are intended to simplify the user experience and reduce the time required to complete currency conversion transactions, an important consideration for customers managing funds across different markets.
The upgrade forms part of OneDosh’s broader effort to strengthen its digital payment infrastructure as demand grows for more convenient ways to send, receive and manage money internationally.
New security and premium financial products unveiled
Alongside the application upgrade, OneDosh introduced Money Fortress, a security initiative aimed at strengthening identity verification and improving protection across its platform.
The company also unveiled an Elite metal card targeted at high-net-worth customers, with currency conversion limits of up to $1 million per transaction.
Cornell further disclosed plans to introduce additional financial products, including Earn, as well as gold and Bitcoin options. The proposed offerings are intended to give users more choices for managing and preserving their wealth through the platform.
These developments reflect the company’s plans to broaden its services beyond international transfers and currency conversion, although further details on the availability and structure of the additional products were not provided.
Fintech targets expansion into 19 African markets
OneDosh also announced plans to enter 19 additional African countries before the end of 2026, signalling its intention to extend its cross-border payment services across more markets on the continent.
The company did not disclose the countries targeted for entry or the investment required to support the expansion.
The proposed move comes amid growing demand for digital financial services that can support individuals and businesses operating across national borders. For businesses, access to efficient payment and currency conversion services can be important for managing international transactions, while individuals increasingly rely on digital platforms to move money between countries.
Competition among fintech providers has consequently intensified around the cost, speed, security and accessibility of cross-border payments.
Frontier 2026 examines Africa’s borderless financial infrastructure
The Frontier 2026 event also featured a panel discussion titled “Money Without Borders: Building the Rails for Africa’s Borderless Generation”, organised in partnership with BGR Consulting.
The discussion brought together policymakers, financial services executives and industry stakeholders to examine the infrastructure and partnerships needed to support more seamless financial transactions across Africa.
Participants included Lagos State Commissioner for Innovation, Science and Technology, Olatunbosun Alake; Consul General of Nigeria in New York, Abubakar Jidda; Nnenna Jacob-Ogogo of FCMB Group; Paga Nigeria Chief Executive Officer, Opeyemi Oyinloye; Osaro Jackson of Yellow Card Nigeria; and Ezinne Nwazulu, Managing Partner at 234Finance.
The conversations focused on the broader requirements for building financial systems that can support a generation increasingly connected through international trade, business and digital services.
OneDosh said its expansion strategy is centred on developing financial infrastructure that enables individuals and businesses to access, transfer, convert and manage money across borders.
With its growing user base, upgraded application and proposed expansion into additional African markets, the company is positioning itself to compete in the continent’s evolving cross-border payments landscape.
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