9 Payment Service Bank launched cross-border money transfers to Ghana. Users send naira, and recipients receive cedis instantly.
Nigeria’s first payment service bank announced the “Send to Ghana” feature on March 5, 2026. Moreover, the service operates through the Bank9ja mobile app exclusively.
Partnership Powers New Service
The feature is powered by Onafriq and the Pan-African Payment and Settlement System. Furthermore, the Central Bank of Nigeria regulates the service fully.
9PSB was founded in 2020 after receiving its license from CBN. It became Nigeria’s first payment service bank under new regulations. The platform currently serves over 80,000 retail customers across Nigeria.
Addressing West African Payment Challenges
Nigeria and Ghana share one of West Africa’s busiest economic corridors. Trade between the countries includes retail, logistics, agriculture, and services. Additionally, migration between the two nations supports significant remittance flows regularly.
However, cross-border payments in Africa remain slow and expensive traditionally. The World Bank reports that sending money costs over 7% on average. Therefore, high fees burden families and businesses conducting transactions across borders.
Osa Odiase, 9PSB’s CEO, emphasized the service’s importance significantly. “We are happy to launch Send to Ghana,” he stated. Furthermore, he highlighted faster and more secure payments for users. “We are breaking down payment barriers for Nigerians and Ghanaians,” Odiase added.
Onafriq Enables Pan-African Vision
Daré Okoudjou, Onafriq’s founder and CEO, praised the collaboration enthusiastically. “Increasing digital flows within Africa is at our core,” he explained. “We are thrilled to be working with 9PSB,” Okoudjou continued.
The Send to Ghana feature is available to all users currently. Existing customers can access it through the Bank9ja app immediately. New customers can download the app and register to start.
Competitive Cross-Border Payment Market
The Nigeria-Ghana payment corridor is highly competitive among fintech players. Several platforms operate in this space, including Chipper Cash and Flutterwave.
However, 9PSB’s payment service bank license potentially provides regulatory advantages. Furthermore, its mobile-first approach targets underserved populations specifically. The Bank9ja app offers bill payments, airtime purchases, and transfers.
Broader African Integration Context
The launch aligns significantly with broader African financial integration efforts. The African Continental Free Trade Area seeks to boost intra-African trade. Additionally, improved payment systems support this continental vision substantially.
Africa’s remittance market exceeds $50 billion annually, according to World Bank data. Nigeria consistently receives the largest share of these remittance flows. Fintech firms are working to create pan-African payment networks actively.
Digital Banking Evolution
The Send to Ghana feature demonstrates 9PSB’s digital banking strategy clearly. The Bank9ja app serves as the primary customer interface. Additionally, it uses biometric login and two-factor authentication for security.
Recent updates suggest expansion to other African countries may follow soon. Ghana appears to be the first destination in a larger regional plan. The service ensures faster, more secure, and cost-effective payments overall.