Afriex, a fintech firm, has launched a global account that provides users with USD, GBP, and EUR bank accounts in order to receive and send money in multiple currencies.
This innovative solution aims to simplify cross-border payments, reduce costs, and drive financial inclusion and economic empowerment for Africans.
According to a statement by the company, with Global Accounts, users can easily receive, hold, and transfer funds in various currencies, eliminating the need for separate accounts and navigating complexities.
The statement noted that the feature offers multi-currency holding, seamless cross-border transfers, real-time visibility, and accessibility through Afriex’s mobile app, all in one platform.
In a remark, Co-founder/CEO of Afriex, Tope Alabi, noted that one of the firm’s mission is to unlock new economic opportunities for Africans by providing affordable, accessible, and reliable financial services. “We’re taking a significant step forward in simplifying cross-border money management and addressing a critical pain point for our users. Freelancers, remote workers, and anyone needing to receive USD directly can now receive, hold, transfer, and manage their funds seamlessly.
“This launch is expected to remove complexity and reduce costs associated with cross-border payments, driving greater financial inclusion and economic empowerment for Africans. Global Accounts are now available to customers across Africa, North America, and Europe, with plans to expand to additional markets soon.
“By consolidating multi-currency account management into a single platform, Afriex is excited to empower customers with greater financial flexibility and control and looks forward to continuing to innovate and deliver solutions that meet their evolving needs,” he added.
