Update 5 of 8

Grey Secures CBN IMTO Licence, Formalising Nigerian Remittance Rails

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaNov 3, 2026

Nigerian fintech Grey has obtained a Central Bank of Nigeria International Money Transfer Operator licence, formally legitimising its inbound remittance infrastructure and adding to its recent expansion into credit, savings and direct intra-African payment corridors. The approval is being read as a signal of regulatory maturation for African fintech cross-border operators.

2 sources

Grey secures CBN IMTO approval to formalise inbound remittance rails in Nigeria · technext24.com · T2
Grey secures IMTO licence as Nigeria’s remittance sector gets new competition · thecondia.com · T2

Story timeline · 8 entries

Nov 6, 2026✦ Take
Grey Gets CBN Remittance Licence
Additional reporting confirms Grey's CBN IMTO approval, with coverage now framing it as opening regulated cross-border rails specifically for diaspora flows
Nov 5, 2026
Grey IMTO and Raya Bank Moves
Digest confirms Grey's Nigerian IMTO licence approval and surfaces Egypt's Raya digital banking market entry as an additional regulatory and market-entry development in the same news cycle.
Nov 4, 2026✦ Take
Grey Wins Nigeria Remittance Licence
New reporting confirms Grey's CBN IMTO licence, framing it specifically as a remittance processing unlock for Nigeria inbound flows
Nov 3, 2026This story
Grey Gets Nigeria IMTO Licence
Grey secures CBN IMTO approval, adding regulatory legitimacy to its cross-border rails as it builds direct intra-African payment corridors
Nov 1, 2026
Grey's Intra-African Rails Push
Grey details direct intra-African payment rail strategy, explicitly framing corridor bypass of the US dollar as a structural priority.
Oct 31, 2026
Grey Goes Beyond Payments
Grey adds FX-paycheck-to-credit model and direct African currency corridors to reduce dollar dependency in intra-African trade
Oct 30, 2026
Grey Pivots to Full Financial Services
Product detail published showing Grey's Paycheck launch expands into credit, cards and savings, broadening yesterday's payroll announcement into a full financial services pivot
Oct 29, 2026✦ Take
Grey Launches Diaspora Payroll Tool
Grey has launched a payroll product called Paycheck as the company targets growth beyond its current three million users. The company reports having processed $5 billion in total payment volume with 170 percent TPV growth, positioning Paycheck as a tool for African diaspora payroll management.