African payments company Onafriq launched its new cross-border payment service on July 3 in Accra. This ushers in a transformative way for individuals and businesses to move money seamlessly across African borders.

The new service directly connects banks, fintechs, and mobile money operators, enabling instant transfers from Ghanaian mobile wallets to Nigerian bank accounts and wallets. This integration allows traders to settle cross-border transactions more efficiently, families to remit money to loved ones, and businesses to streamline payments to suppliers and employees.

The service launch marks a significant step toward reducing reliance on costly and slow traditional remittance channels, making it easier for millions of Africans to participate in regional economic activities.