Africa FXchange

Your African Payments Problem.
‍Solved.

Collect payments locally in African currencies — and receive the international currency of your choice directly in your home bank account. Seamlessly, securely, and with full transparency on rates and costs upfront.
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Africa FXchange
The Problem We Solve

Doing business in Africa means dealing with payments that get stuck.

Africa is one of the world's fastest-growing markets — but collecting and repatriating payments remains one of the biggest operational challenges for global businesses. Currency restrictions, illiquid local FX markets, and the inability to convert local earnings into international currency cost businesses time, money, and opportunity.
🔒
Trapped funds
Local earnings sit in African bank accounts with no clear path to convert into your home currency — tying up working capital and creating cash flow problems.
📉
Currency risk & illiquidity
Local African currencies are volatile and often illiquid on international markets. Converting at unpredictable rates eats into margins — or isn't possible at all.
🏛️
Regulatory barriers
Many African countries have strict FX controls. Without a regulated, local partner, businesses find it impossible to legally repatriate earnings across borders.
⏳
Delayed payments
Even when conversion is possible, traditional banking channels are slow, expensive, and opaque — with no visibility on when or how much will arrive.
The Africa FXchange Solution

We take the local currency. You receive the international currency.

RemittancesHub acts as your regulated on-the-ground partner across 22 African countries. Your clients pay you locally — in their currency. We handle the conversion and deliver your chosen international currency directly to your home bank account.

1

Your client pays in local African currency

↓
2

You transfer local funds to RemittancesHub locally

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3

We convert at a transparent, agreed rate — no surprises

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4

You receive your chosen currency in your home bank account

How it works

Simple. Transparent. Four steps.

From registration to receiving funds in your home account — Africa FXchange is designed to be as straightforward as possible.
Step 01
📋
Register & complete KYB
Sign up with RemittancesHub and complete our full KYB and AML compliance process. Once approved, your account is ready. Dedicated onboarding support throughout.
Step 02
🌍
Collect in local currency
Your clients pay you locally — in their African currency. You collect in NGN, GHS, KES, ZAR or any of our 10 supported currencies. No change required on your clients' side.
Step 03
💱
Transfer locally — we convert
Transfer your local earnings to RemittancesHub locally. We convert at the pre-agreed transparent rate. You know exactly what you will receive before initiating the transfer.
STEP 04
🏦
Receive internationally
We deliver the equivalent international currency — USD, GBP, EUR or any of 38 supported currencies — directly to your home bank account, anywhere in the world.
African Currency Coverage

22 Countries. 10 Currencies.

We support collections across individual country currencies and both major African monetary unions — covering the continent's highest-volume business payment corridors.
🇳🇬
NGN
Nigerian Naira
Nigeria
🇿🇦
ZAR
South African Rand
South Africa
🇰🇪
KES
Kenyan Shilling
Kenya
🇬🇭
GHS
Ghanaian Cedi
Ghana
🇹🇿
TZS
Tanzanian Shilling
Tanzania
🇺🇬
UGX
Ugandan Shilling
Uganda
🇷🇼
RWF
Rwandan Franc
Rwanda
🇲🇼
MWK
Malawian Kwacha
Malawi
🌍
XAF
CFA Franc BEAC
Cameroon, Chad, Congo, Gabon, Equatorial Guinea, CAR
6 Countries · CEMAC Zone
🌍
XOF
CFA Franc BCEAO
Senegal, Ivory Coast, Mali, Burkina Faso, Benin, Togo, Niger, Guinea-Bissau
8 Countries · ECOWAS Zone
Coverage is growing. More African currencies coming soon. Contact our Africa team to ask about a specific country.
Where We Pay You Out

Receive in 38 currencies across 84 countries.

Once we convert your African local currency earnings, we deliver the funds in any of 38 international currencies — directly to your bank account, anywhere in the world.
  • Know your rate before you transfer
    We confirm the exact FX rate and the exact amount you will receive before you initiate the local transfer. No surprises, no hidden costs.
  • Your choice of settlement currency
    Receive in USD, GBP, EUR, AED, SGD, AUD and 33 more. You choose what works for your treasury operations.
  • No local African bank account needed
    You do not need to open bank accounts in each African country. We handle local collection on your behalf.
  • High liquidity corridors
    Our network maintains high liquidity across all supported currency pairs — ensuring smooth, consistent conversions even at volume.
🇺🇸USDUS Dollar
🇬🇧GBPBritish Pound
🇪🇺EUREuro
🇦🇪AEDUAE Dirham
🇨🇦CADCanadian Dollar
🇦🇺AUDAustralian Dollar
🇸🇬SGDSingapore Dollar
🇨🇭CHFSwiss Franc
🇯🇵JPYJapanese Yen
🇳🇿NZDNZ Dollar
🇸🇦SARSaudi Riyal
🇭🇰HKDHK Dollar
🇮🇳INRIndian Rupee
🇵🇱PLNPolish Zloty
🇸🇪SEKSwedish Krona
🌍38+More currencies

22

African Countries

10

Local Currencies Collected

38

Settlement Currencies

84

Payout Countries
Why Africa FXchange

Built around your Africa payments challenges

Every feature of Africa FXchange is designed to solve a specific pain point that global businesses face when operating in African markets.
🔓
Core Benefit
No More Trapped Funds
Your local African earnings no longer sit inaccessible in a foreign bank account. Africa FXchange unlocks your funds — converting them and delivering international currency to your home account, regardless of local FX restrictions.
📊
Transparency
Know Everything Upfront
Before you initiate a single transfer, you know the exact FX rate, the exact fees, and the exact amount you will receive. No hidden costs. No unpleasant surprises on arrival.
🌍
Coverage
Wide Africa Reach
22 countries and 10 currencies — including both major monetary union zones (XAF and XOF) — with high liquidity across all supported pairs. More countries being added continuously.
💰
FX Risk
We Bear the Currency Risk
Once you confirm the rate, we guarantee the conversion. You are not exposed to exchange rate movements between confirmation and settlement. Your treasury knows exactly what it will receive.
⚖️
Compliance
Fully Compliant, Fully Regulated
Full KYB and AML compliance embedded in onboarding and every transaction. We operate legally in every supported country — so you benefit from our regulatory licences without needing your own.
📈
Growth
Expand Your African Market Reach
Unlock new revenue streams across Africa's fastest-growing markets. Accept local payments from clients who cannot pay in international currencies — removing the biggest barrier to doing business on the continent.
Who It's For

Built for any global business operating in Africa

If you earn revenue in Africa and need to repatriate those earnings — Africa FXchange is for you.
🏢
Exporters & International Suppliers
You sell goods or services to African buyers who pay in local currency. Africa FXchange converts those earnings and delivers your preferred international currency — without you needing a local bank presence.
Local Collection
FX Conversion
International Settlement
💻
SaaS & Digital Businesses
You sell software or digital services to African businesses and consumers. Collect subscription or licence payments locally in African currencies and receive your revenue in USD, GBP or EUR.
Subscription Payments
Recurring Revenue
Multi-currency
🤝
NGOs & Development Organisations
You operate programmes across multiple African countries and need to manage local currency funds efficiently. Repatriate local earnings globally with full compliance and audit trails.
Multi-country
Fund Management
Compliance
🏗️
Infrastructure & Project Companies
You manage large-scale projects in Africa with local revenue streams. Africa FXchange lets you repatriate project earnings efficiently, with treasury-grade controls and full audit trails.
Large Ticket
Treasury Control
Audit Trails
FAQs

Common questions about Africa FXchange

Everything you need to know before getting started. Don't see your question here? Contact our Africa team directly.

What is Africa FXchange and who is it for?

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Africa FXchange is a cross-border payment solution by RemittancesHub for global businesses operating in Africa. It enables them to collect payments in local African currencies across 22 countries, and receive the equivalent in any international currency of their choice — directly in their home bank account. It is designed for exporters, SaaS companies, NGOs, and any international business with African revenue streams.

How does the FX conversion work?

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Before you initiate any transfer, RemittancesHub confirms the exact FX rate, all applicable fees, and the exact amount you will receive in your home currency. Once you accept and transfer the local funds to us, we convert at the agreed rate and deliver the international currency to your specified bank account. You carry no FX rate risk after confirmation.

What currencies can I collect in Africa?

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We currently support 10 African currencies across 22 countries: NGN (Nigeria), ZAR (South Africa), KES (Kenya), GHS (Ghana), TZS (Tanzania), UGX (Uganda), RWF (Rwanda), MWK (Malawi), XAF (6-country CEMAC zone), and XOF (8-country ECOWAS zone). We are continuously adding more currencies — contact us to ask about a specific country.

What international currencies can I receive?

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You can receive funds in any of our 38 supported international currencies, delivered to your bank account in over 84 countries globally. Major options include USD, GBP, EUR, AED, CAD, AUD, SGD, CHF, JPY and many more. You select your preferred settlement currency when you register.

Is Africa FXchange fully compliant with regulations?

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Yes. RemittancesHub Africa FXchange adheres to strict KYB, AML and CFT regulations in every country we operate. We are a FINTRAC-registered Money Services Business (MSB M23799972) and we do not operate in sanctioned countries or with sanctioned entities. All clients undergo full KYB verification before transacting.

What are the costs?

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Our service offers transparent and competitive FX rates and transfer fees. You will see the exact amount of international currency you will receive in your home bank account before initiating the local transfer in Africa. There are no hidden costs. Pricing is based on the currency pair and transaction volume — contact our Africa team for a specific quote.

How do I get started?

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Contact our Africa team to begin the onboarding process. You will need to submit KYB documentation for compliance verification and register your bank account details and preferred settlement currency. Once approved, you are ready to transact. Our team supports you throughout the process.

Ready to unlock your
African earnings?

Talk to our Africa FXchange team and find out how we can help you collect locally and receive globally — with full transparency on rates and costs.
Get Started→
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Africa FXchange
Remittances Hub Enterprises Canada Ltd is a registered Money Services Business (MSB) from FINTRAC, with registration number M23799972. For more details on our MSB registration, click here
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