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Nigerian fintech company Theparkpay Technologies Limited has launched a new digital application that gives individuals and businesses direct access to its cross-border payment infrastructure, marking an expansion of the company’s services beyond institutional customers.
The fintech said the new platform is designed to make international money transfers faster, more transparent and less expensive by allowing customers to send, receive, hold and spend money across borders through a single application.
The launch comes as individuals and businesses across Africa increasingly rely on international payments for activities ranging from freelance work and family transfers to imports, exports and other forms of global commerce.
Tackling the Cost of Cross-Border Payments
Theparkpay identified high transaction costs, unfavourable exchange rates, hidden charges and delays caused by multiple intermediaries as persistent challenges facing international money transfers.
The company said its infrastructure was developed to reduce those frictions and allow customers to retain more of the value of money being moved internationally.
Its new application brings the company’s existing payment infrastructure directly to consumers and businesses, providing access to multiple currencies and payment corridors.
According to Theparkpay, the platform supports international payments across more than 170 countries and over 80 currencies, giving customers access to a broad network for global transactions.
From Payment Rails to Consumer Platform
The launch represents a shift in Theparkpay’s strategy from building payment infrastructure to making that infrastructure directly accessible to end users.
Customers can use the platform to send, receive, hold and spend money internationally, with the company positioning the service as a single destination for cross-border financial activity.
Chukwuemeka Akujobi, Director of Risk, Compliance and Enterprise Growth at Theparkpay, said the company focused first on building payment rails, securing regulatory approvals and establishing international corridors before making the infrastructure available to the wider public.
He described the new application as the beginning of a broader expansion rather than the culmination of the company’s development.
Regulatory Footprint
Theparkpay said it is licensed to operate across four continents, with its most recent regulatory milestone coming in Canada, where it obtained a Payment Service Provider (PSP) licence.
The company said the Canadian approval strengthens its regulatory standing and provides an additional foundation for serving customers and partners involved in international payments.
The fintech describes itself as a fully licensed provider of secure and compliant cross-border payment solutions for individuals and businesses.
Targeting Africa’s Global Commerce
Theparkpay’s expansion comes as African businesses become increasingly connected to international markets, creating demand for payment infrastructure capable of supporting transactions beyond domestic banking systems.
Freelancers receiving foreign-currency payments, businesses paying overseas suppliers and companies managing international cash flows all require payment channels that can operate across different currencies and jurisdictions.
The company said its infrastructure is intended to support that activity while improving liquidity management and simplifying international transactions.
Theparkpay Sets Global Ambition
The fintech’s long-term objective is to become a major payment route for individuals and businesses moving money into and out of Africa and between international markets.
With its regulatory licences, payment corridors and newly launched consumer-facing application in place, Theparkpay said its next phase will focus on scaling the platform and expanding its reach.
The company is positioning the move as part of a broader effort to build financial infrastructure that allows African businesses to participate more easily in global commerce.
As cross-border transactions continue to grow, Theparkpay’s latest offering places the company in an increasingly competitive market where fintechs are seeking to make international payments quicker, cheaper and more accessible.
