Update 2 of 3

Monzo enters Nigeria remittance corridor via Wise partnership

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaJun 24, 2026

UK digital bank Monzo has launched remittance transfers to Nigeria through a partnership with Wise, entering one of Africa's highest-volume diaspora corridors. The move increases competitive pressure on existing operators including earlier entrants such as SendOva in the UK-Nigeria remittance market.

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Popular UK bank, Monzo launches remittance to Nigeria · thecondia.com · T2

Story timeline · 3 entries

Jul 1, 2026
Muva Networks Wins Nigerian Remittance Licence
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, 2026This story
Monzo Enters Nigeria Remittance Market
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, 2026
SendOva Offers Fee-Free UK-Nigeria 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.