Wapipay, a leading innovator in the global money transfer sector, has received approval from the Central Bank of Nigeria (CBN) to process inbound remittances into Nigeria.
In a statement, the company said the milestone marks a major advancement in its mission to facilitate seamless international money transfers and solidifies its position as a key player in the global remittance landscape.
Founded in 2019, Wapipay initially focused on outbound remittances from Africa, starting with a successful launch in Kenya and China. The company has since expanded to eight additional Asian countries and now processes up to $100 million in monthly global payments and remittances. Profitable for over two years following its $2.2 million seed raise, Wapipay holds licenses in several African countries.
