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East Africa Frontline News

NextFrontier Africa is a media platform spotlighting Africa’s emerging opportunities in technology, tourism, aviation, agriculture, health, logistics, real estate, trade, education, and e-commerce.

July 20.2025

2 Minutes Read

Revolutionizing Payments: Vepay Launches in Nigeria and Kenya

Young man in Vepay t-shirt smiling softly against plain background.

Vepay's Launch: A New Era for Digital Payments in Africa

Vepay has officially launched its cross-border digital payment platform in Nigeria and Kenya, addressing a long-standing challenge for Africans struggling with global payment systems. With ₦26.5 million in early-stage funding, this innovative platform, launched by Gbenga Agunbiade, aims to empower individuals and freelancers to access virtual dollar cards for international transactions seamlessly.

Empowering Local Users with Global Access

As users navigate through financial limitations, Vepay offers an avenue for streamlined international spending. The app, available on both Google Play and Apple App Store, allows users to fund their wallets using local currencies, converting to USD at competitive rates. This facilitates payments for various international services—from educational exams like SEVIS and IELTS to subscription services such as Spotify and Google Ads.

Infrastructure Development with Local Expertise

Vepay’s launch comes with plans for rapid evolution. The funding received will enhance infrastructure and ensure regulatory compliance while laying the groundwork for B2B operations. As the platform grows, it aims to provide APIs and financial tools for African businesses looking to transact globally. According to Agunbiade, "Millions of people just want to pay for services or run their businesses online without being blocked by their geography," highlighting the pressing need for this type of service.

Future Outlook and Expansion Plans

Vepay is already operational in Nigeria and Kenya, with plans to extend support to additional African currencies in the coming months. The app prioritizes user experience with an intuitive interface, ensuring customers can navigate the service effortlessly.

For many in Africa, this launch symbolizes a shift towards more accessible global financial systems, reducing barriers and fostering economic participation. Vepay not only addresses a deep-seated need for reliable payment channels but also aims to reshape the narrative around digital entrepreneurship on the continent.

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Revolutionizing Payments: Vepay Launches in Nigeria and Kenya

Vepay's Launch: A New Era for Digital Payments in Africa

Empowering Local Users with Global Access

Infrastructure Development with Local Expertise

Future Outlook and Expansion Plans

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