HONG KONG, Sept. 28, 2026 /PRNewswire/ -- PhotonPay, the next-generation financial operating system, today announced the launch of its local collection accounts in Nigeria and Ghana. This rollout enables global businesses to collect Nigerian naira (NGN) and Ghanaian cedi (GHS), providing a compliant and efficient channel for cross-border fund settlement across West Africa.

As global trade deepens its integration with high-growth regions, West Africa stands out as a critical hub for international expansion. According to the International Monetary Fund (IMF), Nigeria's economic growth is projected at 4.1% in 2026, solidifying its position as an economic powerhouse driven by a massive consumer base and a rapidly scaling digital economy. Concurrently, Ghana is experiencing strong momentum. The country recorded a robust 6% GDP growth in the second quarter of 2026, tracked by Ghana Statistical Service. Together, these two markets form the commercial backbone of West Africa, offering significant opportunities for globally minded enterprises.

However, entering these markets often introduces complex operational friction. Cross-border fund flows into emerging markets can involve extended settlement cycles and elevated foreign exchange volatility, which create uncertainty in cost management and erode business margins. Account entity mismatches during international transfers can further trigger compliance reviews or risk-control blocks, delaying cash flows and straining trust between trading partners.

To resolve these settlement challenges, PhotonPay is expanding its emerging market infrastructure with local collection accounts in Nigeria and Ghana, working through established banking partnerships to optimize the flow of capital across both markets.

Key Benefits of PhotonPay's Nigeria and Ghana Collection Accounts

• Local Accounts in Your Business Name

Businesses can open local collection accounts in Nigeria and Ghana under their own business names. Same-name matching ensures inbound funds align with local compliance requirements on both sides of the transaction.

• Collect Directly in NGN and GHS

Payments are received in local currency through domestic clearing networks. This removes the settlement lag introduced by cross-border routing and gives businesses cleaner control over what they actually receive.

• Accelerated Capital Flow

By routing collections through localized infrastructure, businesses can reduce conventional settlement delays, shortening the collection cycle from days to hours and dramatically improving working capital efficiency.

• Risk Management and FX Capabilities

PhotonPay's AI-driven risk engine continuously monitors transactions to ensure strict regulatory compliance, while its FX capabilities empower businesses to mitigate currency volatility through automated, transparent conversions.

"To build a truly global enterprise today, companies need native financial connectivity in the exact markets where their next million buyers reside. Building upon our successful integration of local clearing networks in Kenya and South Africa, bringing Nigeria and Ghana into our ecosystem provides businesses with a formidable competitive advantage across the African continent. This deep, localized reach makes PhotonPay the definitive infrastructure for companies targeting emerging market expansion."
— Chao, VP of Product, PhotonPay

As businesses increasingly look beyond traditional markets for new sources of growth, localized payment architecture will remain a decisive competitive advantage. With the strategic addition of Nigeria and Ghana to its global financial network, PhotonPay continues to bridge the gap between global ambition and local execution.

About PhotonPay

PhotonPay is a stablecoin-powered financial operating system built for global infrastructure. Designed for modern enterprises, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails through a single, compliance-first integration, spanning 200+ countries and territories.

For more information, visit [www.photonpay.com].

Disclaimer
This material is for general informational purposes only and does not constitute legal, regulatory, tax, accounting, or investment advice, nor an offer or solicitation for any product or service. The availability, features, and regulatory treatment of PhotonPay's products and services may vary depending on the user's location, business model, and the laws and regulations that apply. Any descriptions of functionality, performance, efficiency, cost savings, or compliance support (including, without limitation, references to "real-time", "24/7", "high-efficiency", or "compliant" solutions) are aspirational or forward-looking in nature. Actual outcomes may differ due to market conditions, technological constraints, and regulatory developments, and PhotonPay makes no express or implied representation, warranty, or guarantee as to the achievement of any particular result.