Korapay, a United-States-based cross-border payment solution, has the vision to create easier ways of connecting Nigerian emigrants with their families back home. With this cross-border payment service, Nigerians in some parts of the US can now send money to Nigeria, and more easily than ever before.
Currently open in twelve US states, Korapay is functional in Texas, Pennsylvania, New Jersey, Massachusetts, Connecticut, California, Georgia, Nevada, Illinois, Michigan, Florida, and New York.
To its credit, the Lagos-based payment service provider declares that it “has a record transaction delivery time of about 60 minutes” and anybody in the aforementioned states can send money directly to a Naira-denominated bank account in Nigeria.
Founded by Dickson Nsofor who doubles as the CEO, Korapay claims that its charges are up to six times cheaper than that of other cross-border payment services. The company has announced an expansion, declaring that its services will be available in the other US States, Europe, Canada, and the United Kingdom in a matter of weeks.
The firm says; “at Korapay, we believe that Africa is the new frontier of financial opportunity. Our mission is to serve all of Africa via one single API. Through doing this, we aim to create a seamless connection between Africa and global the financial system”