NALA, a global FinTech company and money transfer app, has partnered BigPay to provide remittance services in Ghana.
This follows a Letter of No Objection (LONO) by the Bank of Ghana (BoG) to both companies, paving the way for them to provide secure and affordable cross-border payment solutions within the country’s financial system.
The partnership represents a significant milestone in NALA’s expansion across Africa and Asia, as the company seeks to address the challenge of high remittance costs that continue to affect millions of people on the continent.
It is expected to reduce transaction costs and improve the efficiency of remittance services for both individuals and businesses in the country.
Under the partnership, BigPay will leverage its payment network, bank-grade application programming interfaces (APIs), and settlement capabilities to facilitate secure payouts to local banks and mobile wallets across Ghana.
Speaking at a news conference in Accra last Thursday, the Regional Lead for Africa, NALA, Peter Kisadha, said his outfit, which currently operates in Europe, America, Asia, and 12 African countries, was proud to associate with the payment giant to deliver payment and remittance solutions in Ghana.
He said the event marked a significant milestone for NALA, noting that the company’s mission was “to build payments for the next billion.
Mr Kisadha explained that despite the crucial role remittances played in the Ghanaian economy, especially during festive seasons when inflows surged, the sector was often plagued by insecurity, high fees, unfavourable exchange rates, and unreliable service in many parts of Africa.
“The partnership will benefit individuals abroad who want to remit home, as it guarantees improved trust, security, and efficiency in remittances,” he added.
Delivering value
The Founder and Chief Executive Officer (CEO) of NALA, Benjamin Fernandes, expressed excitement about the regulatory milestone.
“We are thrilled to receive official approval from the Bank of Ghana to operationalise our remittance flows in partnership with BigPay,” he said.
He added that the development reflected the company’s commitment to regulatory compliance and delivering value to the Ghanaian market.
For his part, the Managing Director of BigPay, Isaac Tetteh, also welcomed the partnership, describing it as a new chapter of opportunity for Ghana’s financial sector.
He said the approval opened doors for millions who relied on secure, affordable, and efficient financial services.
He affirmed BigPay’s commitment to deepening financial inclusion through innovation and strategic partnerships.