Theparkpay unveils new app
August 16, 2026 12:00 am
Favour Abalaka
Cross-border payments company, Theparkpay Technologies Limited, has unveiled a new digital application designed to make international money transfers faster, more accessible and cost-effective for individuals and businesses.
According to the company, the new app opens up the cross-border payment infrastructure it has developed over the years to retail and business customers, allowing users to send, receive, hold and spend money across borders and multiple currencies.
Theparkpay said the platform was developed to address challenges associated with international payments, including high transaction costs, unfavourable exchange rates, hidden charges and delays caused by multiple intermediaries.
The company noted that individuals and businesses across Africa often lose significant value when moving money internationally, citing freelancers receiving payments in foreign currencies, families sending funds home and importers paying suppliers in countries such as China and the United Arab Emirates as examples.
It said the new application seeks to reduce such losses by providing users with direct access to its payment infrastructure and a wider range of currency and payment corridors.
The firm also highlighted its regulatory credentials, noting that it is licensed across four continents. It recently secured a Payment Service Provider licence in Canada, which it described as a significant step in its international expansion.
According to the company, the licence strengthens its ability to provide regulated cross-border payment services while giving customers and business partners greater confidence in its infrastructure.
Speaking on the technology behind the application, the Director of Risk, Compliance and Enterprise Growth at Theparkpay Technologies, Chukwuemeka Akujobi, said the company focused on building the necessary infrastructure and securing regulatory approvals before opening its services to the wider public.
He said, “We did not set out to build another payment app. We built the rails, earned the licences and opened the corridors first, so that when we came to the public, we could offer something most cannot: real reach and real value, kept in the customer’s hands. This is only the beginning.”
The company said its long-term ambition is to become one of the simplest and most competitive platforms for moving money into and out of Africa and across international markets.
It added that its existing payment corridors, regulatory licences and newly launched application would serve as the foundation for its next phase of expansion.
Theparkpay said it plans to scale its operations and deepen its presence in international markets while continuing to develop financial solutions for individuals and businesses engaged in cross-border transactions.
The company described its vision as creating a borderless financial system where customers retain more value when moving their money across countries.
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