Nigerian cross-border payments company Oneremit plans to expand into the UK in March 2027, as it looks to grow the payment infrastructure it provides to businesses trading across international markets.
The company announced its plans, saying it had processed more than $200 million in outgoing cross-border payments in under two years. Its customers include importers, exporters and service businesses that need to pay suppliers, receive funds and manage transactions across multiple countries.
The proposed UK expansion would give Oneremit another market from which to serve businesses making and receiving payments in pounds sterling. The company said regulatory work is underway ahead of the planned launch, while it targets a June 2027 launch in Ghana.
The two markets would extend its existing regulatory footprint in Nigeria, Canada and the United States.
Oneremit plans to expand stablecoin settlement
Alongside its geographical expansion, Oneremit plans to extend stablecoin settlement to additional trade corridors following the introduction of the approach in the Nigeria–China corridor through a partnership with OwlTing.
Stablecoin-based settlement can provide an alternative mechanism for moving value between markets, but its practical benefits depend on the payment route, conversion arrangements, counterparties and compliance requirements involved.
The company said its next phase would focus on widening the markets available to business customers, improving settlement speeds on key trade routes and strengthening the compliance infrastructure underpinning its services.
The challenge of paying suppliers across borders
For African businesses sourcing goods internationally, cross-border payments can involve multiple currencies, banking systems and compliance checks. Delays or uncertainty around settlement can complicate supplier relationships and working-capital management, particularly for importers and exporters making frequent payments.
Oneremit is positioning its platform around that operational problem, aiming to let businesses pay and receive money across more than 100 countries. Its reported $200 million in outgoing payment volume provides an indication of activity on the platform, although the company has not disclosed a breakdown by market, customer segment or transaction corridor.
“Our goal for 2027 is simple. An African business should be able to pay a supplier anywhere in the world with the same confidence it has paying one at home,” said Hammed Afenifere, Oneremit’s CEO and co-founder.
