Introduction

African businesses have long operated across borders, sourcing supplies, hiring talent, and serving clients in multiple countries. Yet moving money between markets has remained complicated, with slow settlement windows, varied compliance requirements, and banking relationships that create friction at every corridor.

What Happened

Oneremit, a cross-border payment platform, has secured a growing portfolio of regulatory licences across key jurisdictions. The company holds active licences as a Registered Money Services Business with FINTRAC, a Registered Payment Service Provider with the Bank of Canada, a Registered Money Services Business with FinCEN in the United States, and an International Money Transfer Operator licence from the Central Bank of Nigeria. Applications with the Bank of Ghana and the UK Financial Conduct Authority are underway, extending its regulated footprint across the corridors African businesses rely on. With these licences in place, banks and payment partners can integrate more deeply, enabling faster settlement and more predictable payment paths for businesses operating across borders. Since launching, Oneremit has processed over $200 million in outgoing cross-border transaction volume within 18 months, demonstrating strong demand for regulated, business-grade cross-border infrastructure.

Why This Matters

In cross-border payments, trust is often treated as infrastructure built jurisdiction by jurisdiction and essential for seamless trade. Oneremit's approach treats regulatory compliance as the foundation upon which the rest of the system is built, rather than an afterthought. This licensed framework allows the platform to connect with banks and partners across more corridors, reducing delays and uncertainty for founders and finance teams. As African companies increasingly source, sell, and hire across borders, having a reliable, compliant payment layer becomes as critical as the logistics moving their goods.

Key Takeaways

  • Oneremit now holds active licences in five jurisdictions, including FINTRAC, the Bank of Canada, FinCEN, the CBN, and pending approvals from the Bank of Ghana and the UK FCA.
  • The platform has already processed more than $200 million in cross-border transaction volume in under 18 months, signalling market appetite for compliant payment infrastructure.
  • Regulatory coverage enables deeper bank partnerships, faster settlement times, and more predictable payment corridors for African businesses.
  • Oneremit's near-term roadmap includes additional licences, wider corridor coverage, and continued investment in the technology layer connecting these networks.
  • For businesses expanding across borders, a licensed payment partner is becoming as essential as reliable shipping or logistics infrastructure.

Conclusion

As African commerce continues to grow beyond borders, the infrastructure supporting cross-border money movement must keep pace. Oneremit's licence-backed approach offers a template for how fintechs can turn regulatory compliance into a competitive advantage, delivering faster, safer, and more predictable payment experiences for businesses across the continent. Companies ready to streamline their international payments can visit business.oneremit.co/sign-up.