Nomba launches global payments API to revolutionize cross-border payments from Nigeria

Nomba, a Nigerian business infrastructure company, has launched a Global Payments API aimed at simplifying cross-border transactions for fintechs, money transfer platforms and payment operators.

The solution offers a single integration that allows businesses to raise funds in naira or stablecoins and distribute payments across five international markets.

The product is designed to address long-standing structural barriers in Nigeria’s cross-border payments ecosystem, particularly related to liquidity constraints, foreign currency sourcing and multi-jurisdictional compliance. These challenges have historically limited the ability of local operators to expand their reach beyond a few international corridors.

One of the main issues being addressed is the reliance on manual sourcing of foreign currency, often through the over-the-counter market, which can delay transactions while customers wait. Additionally, operators often face a “dual liquidity trap,” where capital is simultaneously locked in naira on the billing side and in foreign currency on the payment side, reducing efficiency and eroding margins.

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The Nomba API seeks to address these inefficiencies by enabling unified transaction flow, with the added option for operators to fund payments using stablecoins to reduce exposure to naira volatility. The platform also includes compliance requirements for multiple jurisdictions, including the UK, Europe, Canada and Africa markets, eliminating the need for operators to navigate complex regulatory frameworks independently.

According to CEO Yinka Adewale, the aim is to shift the operational burden away from payment providers. By integrating liquidity management and compliance into one system, the Global Payout API enables businesses to expand faster across borders without capital and regulatory barriers.

The launch could expand participation in Nigeria’s cross-border payments space, enabling small operators to enter new markets while increasing transaction speed and cost efficiency across the ecosystem.