SimplyPay Taps into the Nigerian Diaspora Market With New Remittance Deal

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Simeon Ononobi
Simeon Ononobi

SimplePay, a web and mobile financial services firm that allow users and merchants to make and receive purchases or fund transfers instantly has signed an agreement that will see Nigerians in the diaspora top up accounts of their loed ones back home with easse.

The partnership utilizes Consumer Bureau de Change’s foreign exchange license to allow for incoming and outgoing remittances through the SimplePay platform. With this partnership, Nigerians in the diaspora can fund their friends’ and families’ SimplePay accounts from anywhere in the world.

“We plan on offering rates that will be competitive with existing incoming remittance options,” said SimplePay CEO, Simeon Ononobi. “Nobody can compete with us on speed and convenience though,” he added, “when someone sends cash to your SimplePay account, you can use it within seconds for purchases on our platform.”
From the convenience of your desktop to the palm of your hand, SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions. Just yesterday, SimplePay launched SimpleGiving for Christians to easily donate to the church.

The Consumer Bureau de Change is a division of Consumer Microfinance Bank and offers financial services and products to growing small and medium sized businesses. Consumer Microfinance Bank formally known as Wuse United Community Bank opened in 1995 and services over 50,000 active customers from its office at Wuse Zone 5 in Abuja.

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Sam Wakoba
Based in Nairobi, Kenya, Sam Wakoba is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba