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July 20.2025
2 Minutes Read

Unlocking Global Payments: Vepay Launches in Nigeria and Kenya

Vepay launch in Nigeria and Kenya with a young man wearing a Vepay t-shirt.

Vepay: Revolutionizing Digital Payments in Africa

With the launch of Vepay in Nigeria and Kenya, the landscape of digital payments is poised for a transformational shift. This new cross-border payment platform has emerged from a pressing need—a need to bridge the gap that restricts many Africans from accessing global payment solutions effectively. Founded by Gbenga Agunbiade, Vepay is designed to offer seamless and efficient transactions for individuals and freelancers who frequently encounter barriers while using local bank cards.

Cost-Effective Transactions: A Game Changer

Vepay simplifies the payment process, enabling users to fund their digital wallets in Naira or Kenyan Shillings. This feature comes paired with competitive conversion rates to USD, allowing for nearly instantaneous generation of virtual dollar cards. Users can now smoothly transact on prominent global platforms such as Spotify, Google Ads, and many more without the frustrations typically associated with cross-border payments.

Financing the Future: Strong Backing from Investors

Vepay's initiation is backed significantly by an impressive ₦26.5 million funding round achieved through private angel investors. This capital not only fuels the launch but also paves the way for essential infrastructure development and regulatory compliance, which are critical for its future growth. As stated by Agunbiade, the aim isn't merely to disrupt—it's about fixing existing issues, which resonates with many in today’s digitizing economies.

Building a B2B Ecosystem: Looking Forward

While the initial focus is on B2C users, Vepay is geared towards evolving into a B2B payment solutions provider, enhancing its service offerings with APIs tailored for African businesses. This strategic move amplifies possibilities for integrating advanced payment systems across various sectors, which is vital for the continent's increasing digital adoption.

Accessible Technology: The Path Ahead

As Vepay continues to streamline transactions, plans to support more African currencies are on the horizon. The app's straightforward interface, characterized by fast performance and responsive customer support, is set to encourage deeper engagement in global commerce among African users.

The Vepay initiative highlights the growing trend of fintech solutions that are not only designed for efficiency but also target affordability and accessibility for users across Africa. As more innovators emerge on the continent, they contribute to the narrative of a swiftly evolving digital economy, where the barriers to financial access are steadily falling.

To experience Vepay firsthand, download the app from the Google Play Store or Apple App Store, or visit www.vepayhq.com for further details.

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