Pesa Secures IMTO Licence: Expanding Capabilities and Enhancing Customer Experience

We’re proud to announce that we have obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria (CBN). This regulatory milestone underscores Pesa’s unwavering commitment to delivering secure, efficient, and compliant financial services for customers sending money across borders.

With this newly acquired licence, Pesa is now able to:

• Establish direct partnerships with Nigerian banks, payment processors, and global networks
• Remove unnecessary intermediaries, enabling faster and efficient transactions
• Offer our trusted services directly to the Nigerian market, improving rates, transfer speed, and overall customer satisfaction.

“This achievement marks a significant step forward in our mission to make money transfers seamless, transparent, and accessible,” said Tolu Osho, CEO/Co-founder at Pesa. “We are excited about the opportunities this opens for our customers and partners, and we look forward to continuing to expand our reach and impact in the global remittance space.”

The IMTO licence enables Pesa to enhance its presence in one of Africa’s largest remittance markets, strengthening its ability to connect people, families, and businesses across borders.

To send money from the UAE to Ghana, Nigeria and more countries, download the app on Google Play or App Store.