Nigerian payments infrastructure company, Nomba, has officially launched its Global Payout API. This developer-friendly solution is designed to simplify one of the biggest pain points in African cross-border payments: fragmented liquidity, manual FX sourcing, and high operational friction.
The new API allows fintechs, remittance platforms, payment operators, and other cross-border businesses to collect funds in naira or stablecoins on one side and instantly disburse to recipients in five key markets which include;
– United Kingdom (via Faster Payments).
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– Europe (via SEPA).
– Canada (via Interac and bank transfers).
– Democratic Republic of Congo (via mobile money and bank transfers).
– Nigeria (domestic payouts).
The GlobalPayout enables cross-border fund disbursements, giving fintechs full control over international transfers from initiation to completion.
According to announcements shared across tech media and Nomba’s own channels, the product eliminates the classic “dual liquidity trap”, where operators must pre-fund accounts in both origin and destination currencies while removing the need for manual foreign exchange sourcing and fragmented compliance across jurisdictions.
Why This Matters for African Fintechs
Running cross-border payments from Nigeria has historically been expensive and capital-intensive.
Operators often lock up large amounts of money on both sides of each corridor, manually source FX at unpredictable rates, and navigate separate regulatory regimes (FCA in the UK, SEPA/GDPR in Europe, FINTRAC in Canada, Banque Centrale du Congo rules in the DRC, and CBN requirements domestically).
Nomba’s Global Payout API automates FX conversion at competitive, locked rates and handles the underlying settlement rails. It significantly lowers capital requirements, reduced FX risk, faster settlement times, and the ability for smaller operators to scale corridors without massive upfront investment.
Building on Recent Momentum
This launch follows several strategic moves by Nomba to expand its global footprint. This includes;
– Acquisition of a licensed Canadian payment service provider, enabling direct CAD flows.
– Regulatory licenses in the DRC (Messenger Financier and Aggregator licenses), unlocking mobile money, bank, and cash-pickup networks.
– Partnerships with international players like Volume (UK open banking), Clear Junction, NIUM, and Bridge to strengthen inbound and outbound rails.
These steps position Nomba as one of the few African-origin companies building regulated, bidirectional payment infrastructure connecting Sub-Saharan Africa with major global economies.
Founded in 2016, Nomba leverages modern technology to deliver fast and secure transactions. Its infrastructure is built to handle high transaction volumes while maintaining uptime—an essential requirement in Nigeria’s fast-paced payment environment.
The company also focuses on data-driven insights, enabling businesses to better understand customer behavior and optimize operations.
At its core, Nomba provides an all-in-one platform that helps businesses accept payments, manage transactions, and streamline operations. Its offerings include:
•Payment Solutions: Businesses can accept payments via cards, bank transfers, USSD, and QR codes.
•Point-of-Sale (POS) Systems: Nomba supplies smart POS terminals designed for reliability and ease of use.
•Business Management Tools: Merchants can track sales, manage inventory, and access insights to improve decision-making.
•Agency Banking Services: Continuing its roots, Nomba still supports agents who provide basic banking services to underserved populations.
Looking Ahead
Cross-border volumes originating from Nigeria and broader Africa continue to outpace purely domestic growth in many corridors, driven by diaspora remittances, B2B trade, freelancing, and e-commerce.
High average remittance fees across Sub-Saharan Africa (still above 8% in many cases, per World Bank benchmarks) create strong demand for more efficient alternatives.
By offering a single API integration that abstracts away FX, liquidity, and multi-jurisdiction compliance, Nomba aims to lower the barrier for fintechs and payment companies to enter or expand in these high-growth international corridors.