Theparkpay launches new app for faster, cheaper international money transfers

Theparkpay Technologies Limited, a cross-border payments firm, has unveiled a new digital application designed to streamline international money transfers for individuals and businesses. The app aims to make these transactions faster, more accessible, and cost-effective by providing users with direct access to the company's developed payment infrastructure.

The platform addresses common challenges in international payments, such as high fees, poor exchange rates, hidden charges, and delays caused by intermediaries. The company highlighted that individuals and businesses in Africa often incur significant losses when moving money internationally, citing examples like freelancers receiving foreign payments and importers paying suppliers abroad.

Chukwuemeka Akujobi, Director of Risk, Compliance, and Enterprise Growth at Theparkpay, emphasized the company's strategic approach. "We built the rails, earned the licences and opened the corridors first, so that when we came to the public, we could offer something most cannot: real reach and real value, kept in the customer’s hands," he stated. The company recently secured a Payment Service Provider license in Canada, which it considers a significant step in its international expansion and a move that enhances customer confidence.

Theparkpay's long-term vision is to become a leading platform for moving money into and out of Africa and across global markets. The newly launched application, combined with existing payment corridors and regulatory approvals across four continents, forms the foundation for its future growth. The company intends to expand its operations and strengthen its international market presence while continuing to innovate financial solutions for cross-border transactions.

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We did not set out to build another payment app. We built the rails, earned the licences and opened the corridors first, so that when we came to the public, we could offer something most cannot: real reach and real value, kept in the customer’s hands. This is only the beginning.