The Nigerian payments sector is heating up with the launch of hyperWALLET Systems Inc., a global payments provider which offers advanced payment solutions for corporations with global payment needs.

Launching a low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards in a move it says will change the way payments are made inNigeria.
According to the firm, making payments to Nigeria can be an expensive and challenging process for businesses and their payees due to certain restrictions in cross-border currency movements. Now, by leveraging hyperWALLET corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies.“As a mixed economy and emerging market, Nigeria’s continued growth presents global corporates with new business and payment opportunities”, states Mike Monty, SVP of Sales & Financial Networks at hyperWALLET. ”We’re pleased to be able to offer organizations a fast, compliant and seamless way to pay individuals in Nigeria via both bank deposit and reloadable prepaid debit cards, enabling payees to receive their earned funds quickly and conveniently.”

With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. hyperWALLET’s global payment platform enables organizations to quickly send mass payments and payees to self-manage their funds using a variety of options including online e-wallets, bank deposit, prepaid cards, cash pickup, via mobile phone and more.