Diaspora Neobank

Payday plans to expand in Nigeria, will target Africans in UK, US, Canada

By David Whitehouse

Premium badge Reserved for subscribers

Posted on May 4, 2023 04:00


The Payday neobank, which operates in Nigeria and Rwanda, plans to target African diaspora communities in the UK, the US and Canada, CEO Favour Ori tells The Africa Report.

The UK launch is planned for next week, with Canada to follow in May and the US in June, Ori says. Customers will have a remittances service allowing them to send money back home, as well as credit cards. Diasporic Africans in the US will be able to get a credit card as soon as they have secured a US visa, the executive says.

There's more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.

Subscribe Now

cancel anytime