4Fintech & PaymentsNewJun 18, 2026
SendOva targets UK-Nigeria remittance corridor with fee-free transfers
FCA-regulated remittance service SendOva is marketing fee-free transfer rates to Nigerian diaspora in the United Kingdom, competing in one of Africa's highest-volume remittance corridors. The service's positioning is primarily promotional with limited new structural signals for the broader remittance market.
Story timeline · 3 days
- Jul 1, 20267Muva Networks secures Nigerian IMTO remittance licence after $200M processed
A new regulated remittance entrant, Muva Networks, has secured an IMTO licence, increasing competitive pressure in the Nigeria corridor alongside Monzo and others.
- Jun 24, 20267Monzo enters Nigeria remittance corridor via Wise partnership
Monzo, a larger and more prominent UK incumbent than SendOva, has now entered the same UK-Nigeria remittance corridor, materially intensifying competitive pressure.
- Jun 18, 20264· this storySendOva targets UK-Nigeria remittance corridor with fee-free transfers