Nicosia, Cyprus 05 June – SFx Money App, a fast-growing neobank platform, has officially launched Naira (NGN) accounts on its platform, enabling users to create personal Nigerian bank accounts in their own names within minutes.
The launch marks another major milestone in SFx’s mission to simplify financial access for Africans at home and abroad. With the new feature, users can now receive and manage Naira payments directly through the SFx Money App, further expanding the platform’s capabilities beyond stablecoin-based financial services.
The announcement comes shortly after SFx introduced USD, GBP, and EUR foreign currency accounts, continuing its push toward creating a comprehensive financial ecosystem that allows users to send, receive, save, and spend money globally.
Bringing Financial Access to Nigerians Everywhere
For many Nigerians living abroad, maintaining access to local banking services can be challenging. Some individuals left Nigeria at a young age and never had the opportunity to open a local bank account, while others have depended on friends or family members to receive payments on their behalf.
With the introduction of NGN accounts, SFx is helping solve this problem by allowing eligible users to create a Naira account directly within the app. Accounts are issued in the user’s own name, providing greater ownership, convenience, and control over their finances.
Where required, users may also obtain a Bank Verification Number (BVN) as part of the account creation process, helping them access additional financial services and strengthen their financial identity within Nigeria’s banking ecosystem.
Expanding Beyond Stablecoins
Since its launch, SFx has built a reputation for providing fast, affordable cross-border transactions powered by stablecoins such as USDC and USDT. The addition of Naira accounts represents another step in bridging the gap between traditional banking and modern digital finance.
Users can now move funds more seamlessly between local currencies and digital assets while enjoying access to a growing suite of financial tools designed for a global audience. By combining local banking capabilities with international payment solutions, SFx continues to position itself as a platform built for today’s increasingly borderless world.
Empowering Diaspora Communities
The launch is expected to be particularly beneficial for Nigerians living abroad who need reliable access to local banking services for family support, business transactions, personal savings, and everyday financial activities.
Rather than relying on third parties, users can now manage their own Naira accounts directly through SFx, creating a more secure and independent financial experience. The company believes this will unlock new opportunities for users seeking greater control over their finances while maintaining strong connections to their home country.
Commenting on the launch, Muqaddis Kolawole, Chief Marketing Officer of SFx Money App, said:
“For many Nigerians living abroad, accessing a personal Naira account has been a challenge. Some left the country at a young age and never had the opportunity to open a bank account, while others have had to rely on family members’ accounts for years. With this new feature, SFx is helping bridge that gap.
Users can now create a Naira account in their own name directly through the SFx Money App and, where required, obtain a BVN as part of the process. This is more than just a banking feature; it is about giving Nigerians everywhere greater financial independence, convenience, and access to essential financial services, regardless of where they live.
We are excited to see the impact this is already having within our community and remain committed to building solutions that make financial access simpler and more inclusive for Africans globally.”
Looking Ahead
The launch of NGN accounts further strengthens SFx’s vision of creating a borderless financial platform where users can manage local and international transactions from a single app.
With USD, GBP, EUR, and now NGN accounts available, SFx continues to expand its financial infrastructure while developing solutions that address the real-world needs of students, migrants, freelancers, entrepreneurs, and businesses across the globe.
As adoption continues to grow, the company remains focused on building accessible, inclusive, and innovative financial tools that empower users to participate fully in the global economy.
About SFx Money App
SFX is a financial technology startup providing foreigners and businesses overseas with the easiest way to receive money and spend with ease.
For media inquiries or partnership opportunities, please contact:
SFX Money App Team.
Media Contact:
Muqaddis Kolawole
Chief Marketing Officer
Learn more at www.sfxchange.co
