Moniepoint is set to deepen its international footprint as its UK subsidiary prepares to issue sterling (GBP) accounts to customers beginning December 2025. This milestone follows Moniepoint UK’s successful acquisition of an Electronic Money Institution (EMI) licence, positioning the company to offer regulated financial services directly to consumers and businesses in the United Kingdom.
The move marks a strategic expansion for Moniepoint, which has grown from a Nigerian payments processor into a global financial services player. By issuing GBP accounts, Moniepoint UK will enable African migrants, international students, SMEs, and cross-border workers to access reliable, low-cost financial services without the friction traditionally associated with opening accounts in the UK. Users will be able to hold funds in sterling, make domestic transfers, and perform international payments, all through a streamlined digital onboarding process.
With the EMI acquisition, Moniepoint UK gains regulatory approval to operate with heightened oversight, ensuring stronger consumer protection and compliance with UK financial standards. This allows the company to build trust in a market where competition from neobanks, challenger institutions, and fintech service providers continues to intensify.
The launch of GBP accounts is expected to reduce cross-border payment bottlenecks for African businesses that rely on international transactions. For Nigerian SMEs, in particular, the ability to receive and manage payments in sterling could significantly improve liquidity, reduce FX losses, and simplify trade operations. Moniepoint plans to integrate these accounts with its existing payment infrastructure, enabling seamless transfers between UK-based and Africa-based users.
Industry analysts view Moniepoint’s UK expansion as a bold step in the global fintech landscape. The move places the company among a growing list of African fintechs increasing their international presence to serve the diaspora and strengthen cross-border financial systems. By leveraging its experience with high-volume transactions in Africa, Moniepoint aims to deliver robust reliability to a global audience.
As December 2025 approaches, anticipation is building across both fintech and business communities. Moniepoint UK’s new sterling accounts could reshape how Africans abroad and their home-country partners interact with global finance—offering faster, safer, and more inclusive payment solutions.
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