African fintech company NALA has secured regulatory approval from the Bank of Ghana, marking a significant milestone as it strengthens its footprint in West Africa’s rapidly evolving remittance market. The approval paves the way for NALA to offer seamless and compliant money transfer services directly into Ghana, further supporting the company’s mission to simplify cross-border payments for individuals and businesses across the continent.
With Ghana identified as one of Africa’s top remittance destinations—receiving over a billion dollars annually from its diaspora—NALA’s entry comes at a time when demand for faster, more transparent, and cost-effective payment pathways continues to rise. The Bank of Ghana’s authorization underscores the company’s commitment to meeting strict regulatory standards while delivering innovative financial solutions tailored to local needs.
As part of its expansion strategy, NALA has announced a strategic partnership with BigPay, a leading digital banking platform in Southeast Asia. This collaboration is expected to enhance the efficiency and affordability of remittances from key Asian markets into Africa, opening new corridors and offering users more payment flexibility. By integrating BigPay’s digital wallet infrastructure with NALA’s cross-border technology, the partnership aims to reduce transaction costs, improve settlement speeds, and increase financial inclusion for underserved communities.
For the African diaspora—particularly in regions such as Malaysia, Singapore, and Thailand where BigPay already operates—the move promises a more streamlined way to send money home. Users will be able to transfer funds directly to bank accounts and mobile wallets in Ghana through a process designed to be transparent and free from hidden charges.
NALA’s CEO, Benjamin Fernandes, highlighted that the approval and partnership reflect the company’s broader ambition of building the largest payment network that supports Africa’s growing economic influence. He emphasized that regulatory trust combined with strategic global partners will enable NALA to deliver better value to millions of Africans living abroad.
The approval from the Bank of Ghana and the alliance with BigPay collectively represent a major step toward reshaping Africa-Asia remittance flows. As NALA continues to expand its infrastructure across the continent and beyond, Ghanaian recipients and diaspora senders alike can expect a more efficient, affordable, and reliable remittance experience.
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