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Grey secures CBN licence to process remittances into Nigeria
Grey has received approval from the Central Bank of Nigeria to operate as an international money transfer operator. The approval allows Grey to process inbound international transfers for individuals and businesses in Nigeria.
How Africa’s fragmented payment systems are holding back cross-border trade
Experts at the 2026 Moonshot by TechCabal conference discussed the need for harmonized regulatory requirements in Africa. Cross-border trade in Africa reached $220.3 billion in 2024, growing 12.4% from the previous year.
Grey Business processes $61 million as stablecoins dominate payments
Grey processed $61.4 million in total payment volume within four months of launching its platform. The platform enables startups and SMEs to open USD corporate accounts and transact using stablecoins.
YC-backed fintech Grey registers as payment service provider in Canada
Grey has been registered as a payment service provider in Canada under the Retail Payment Activities Act. The platform integrates with Interac, allowing users to send Canadian Dollars directly to Canadian bank accounts.
The $11 Billion Shift: How Ghana’s Diaspora Is Pivoting To Fintech Apps To Send Money Home
Ghana recorded $6.65 billion in remittance inflows in 2024, with informal channels bringing the total to $11.5 billion. Fintech startups have reduced traditional remittance fees from 7-12% to as low as 1-3%.
