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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
Sam Wakoba
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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