NALA, a globally regulated fintech company building modern payment infrastructure, has received formal approval from the Bank of Ghana to operate remittance services in the country.
The regulator issued a Letter of No Objection (LONO) to NALA and its licensed local partner, BigPay, authorising both companies to roll out compliant remittance operations within Ghana’s financial system. The approval marks a significant regulatory milestone as NALA expands its cross-border payments network across Africa and Asia.
The move strengthens NALA’s mission to build payments for the next billion by delivering secure, affordable, and seamless international money transfer solutions to individuals and businesses.
Strengthening regulation and local partnerships
The Bank of Ghana’s endorsement underscores NALA’s focus on regulatory compliance and strong local partnerships. With the LONO in place, NALA can officially scale its operations in Ghana’s regulated ecosystem, offering fully compliant remittance services nationwide.
ALSO: IFC Targets $2.1bn Investment Pipeline to Boost Manufacturing, Energy, Tourism and Jobs in Nigeria
Alongside the approval, NALA announced a strategic partnership with BigPay, a fully licensed Payment Service Provider (PSP) in Ghana. BigPay’s bank-grade APIs, robust settlement infrastructure, and established payments network will support fast, secure payouts to local banks and mobile money wallets across the country.
Cross-border remittances remain a critical lifeline for millions across Africa, yet high fees continue to drain value from households and businesses. NALA aims to address this challenge by providing transparent pricing, secure transactions, and cost-efficient remittance services.
Industry reactions
Commenting on the approval, NALA founder and CEO, Benjamin Fernandes, said the milestone reflects the company’s commitment to global compliance and trusted partnerships.
“We are thrilled to receive official approval from the Bank of Ghana to operationalise our remittance flows in partnership with BigPay. This milestone reflects our deep commitment to regulatory excellence, strong local partnerships, and delivering meaningful value to the Ghanaian market. Financial infrastructure must be built alongside licensed and trusted institutions, and BigPay is a natural partner in advancing that vision,” Fernandes said.
Isaac Tetteh, Managing Director of BigPay, said the partnership opens new opportunities for customers and the broader financial ecosystem.
“This approval marks a new chapter, not just for NALA and BigPay, but for individuals and businesses that rely on secure, affordable, and efficient financial services. Our collaboration aligns perfectly with our mission to deepen financial inclusion and expand digital payment capabilities across Ghana,” he said.
Expanding global footprint
NALA currently holds regulatory approvals and licences across Africa, Europe, the UK, and the United States, with payment infrastructure expanding into Asia. The company’s investments in compliance, treasury management, and local partnerships enable it to deliver real-time, scalable payment solutions for consumers and global enterprises.
The Bank of Ghana approval represents another step in NALA’s efforts to reshape the global remittance landscape, strengthen financial inclusion, and provide millions with access to transparent and reliable financial technology.
