Nilos comes to West Africa to enhance cheaper cross border remittance

Nilos comes to West Africa to enhance cheaper cross border remittance

Nilos is an international business-to-business (B2B) payment service provider that's established in 2021 by Raphael Fettaya and Eytan Messika. The payment platform has announced expansion into francophone countries in West Africa. The company plans on entering the Ivory Coast, Senegal, Benin, and Togo with instant payouts in the West African CFA franc (XOF) on any foreign currencies received using the platform. More so, this will be a mobile money integrated service that will be available for both individuals and businesses in the countries. Nilos's mission is to simplifies cross-border transactions, most especially for businesses operating in multiple currencies. The platform works by providing unified/combined interface that allows businesses to manage both fiat and crypto payments in one dashboard. How Nilos expansion will benefit businesses in West Africa. With the Nilos expansion into francophone countries in West Africa, businesses will now have multiple currencies (USD, EUR…