Graph Secures CBN IMTO License: A New Era for Secure African Cross-Border Payments
Graph, a pioneering fintech company, has achieved a significant regulatory milestone by securing the International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN). This pivotal accreditation underscores Graph’s three-year journey dedicated to empowering African businesses to transcend geographical boundaries and access global markets. From its inception, Graph has been steadfast in its mission to simplify complex cross-border payments and facilitate seamless multi-currency account management, opening up unprecedented opportunities for growth and international trade for African enterprises.
Graph’s Commitment to Trust and Global Connectivity
The acquisition of the CBN IMTO license positions Graph as a fully trusted and regulated entity within Nigeria’s financial landscape for international money transfers. This regulatory approval is not just a formality; it is a profound affirmation of Graph’s unwavering commitment to operational excellence, security, and transparency. Tomi Badejo, Chief Operating Officer at Graph, articulated the company’s ethos, stating, “Trust is the currency of financial services. This license from the CBN affirms our dedication to doing business the right way, securely, transparently, and with our customers’ best interests at heart.” He further emphasized the immediate impact of this achievement, adding, “With this milestone, we are set to expand access to affordable, fast, and compliant cross-border payment solutions.” Beyond its robust core remittance services, Graph significantly enhances its value proposition through innovative features such as multi-currency wallets. These wallets enable users to efficiently hold, send, and receive funds in various international currencies, thereby eliminating the need for frequent and often costly currency conversions. This capability is crucial for businesses engaged in global commerce, offering financial agility and cost savings.
This landmark achievement solidifies Graph’s standing as a cornerstone for secure and efficient financial transactions across Africa and the world. By obtaining this crucial license, Graph is not only expanding its service offerings but also reinforcing its foundational promise of empowering African businesses with the tools needed for global success. The company remains deeply committed to fostering a more interconnected and prosperous African economy, driving the next wave of the continent’s global financial integration through trusted and innovative fintech solutions.
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