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And its foreign exchange services allow businesses to get the best possible exchange rates when converting currencies.
How Swifia solves the challenge Nigerian businesses have faced with paying suppliers abroad is that they can simply make their payments in Naira through a local payment processor, while Swifia credits the supplier in the appropriate foreign currency.
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This solution comes in handy for businesses looking to make frequent overseas payments but receive their income in a local currency.
This challenge of procuring foreign exchange has plagued businesses and importers in Nigeria lately. Fortunately, an end seems to be in sight with the launch of Swifia in Nigeria.
Swifia is a business banking platform that understands the specific challenges and opportunities of the African market.
This diversity allows users to conveniently hold and manage funds in different currencies, streamlining their financial operations and minimising the complexities associated with multiple accounts.
Furthermore, Swifia supports global transfers in over 50 currencies, providing an extensive network for international transactions.
Keypoints
- Technext Newsletter
- Fortunately, an end seems to be in sight with the launch of Swifia in Nigeria.