VertoFXthe global financial technology company providing cross-border payments, foreign exchange and banking solutions for businesses across emerging markets, announced the appointment of Dr. Austin Okpagu as its first Country Manager for Nigeria.
The move reinforces the company’s long-term commitment to the country and the wider West African region.
Details
He recently served as CEO at JumiaPayOkpagu brings a wealth of extensive experience from a number of Nigeria’s most prominent fintech platforms such as OPay and Pagatechwhere he led the partnership and business development efforts at both respective companies.
In his new role at VertoFX, Okpagu will lead VertoFX’s newly opened offices in Victoria Island, Lagos, to achieve business development objectives, foster strong relationships with local stakeholders and implement tailored solutions to needs and requirements of Nigerian customers.
About VertoFX
VertoFX’s cutting-edge technology enables businesses of all sizes to make secure and seamless cross-border payments, convert between 50 currencies at competitive exchange rates, and send and receive money instantly to over 200 countries. Since starting operations in Nigeria in 2017, the company has built an impressive portfolio of clients, including some of the largest businesses operating in Africa, who rely on the company’s innovative and reliable financial services for their local and international business needs .
What they say
Speaking on Okpagu’s appointment and VertoFX’s new physical presence in Nigeria, Hello Oyetayo, VertoFX co-founder and CEO shared, “We are delighted to welcome Austin as our first Country Manager for Nigeria. Austin’s proven expertise in payments and deep understanding of the local financial market make him the ideal candidate to take over our operations in West Africa.”
He continues, “With our local presence in Nigeria, we are able to better serve our customers, support local businesses and contribute to the economic development of the region. moving in line with our vision to become the leading provider of B2B cross-border payment solutions in Africa.“
Commenting on his new role, Dr. Austin OkpaguCountry Manager at VertoFX Nigeria, stated, “It is an honor to join the VertoFX team in its mission to become the go-to financial services partner for businesses operating in Nigeria and globally.”
He added, “During the recent and particularly challenging macroeconomic conditions, VertoFX has stood out in its ability to provide urgently needed financial solutions to Nigerian businesses, helping them remain resilient in the face of adversity. I look forward to working closely with key public and private players in Nigeria’s financial sector to further enhance our offerings, aiming for a deep and lasting positive impact for local founders and business owners.”
By The Numbers
In the past year, VertoFX facilitated over $2.7 billion in cross-border transactions for Nigerian companies.
Over the same period of time, the company has seen a staggering 75% increase in the number of Nigerian businesses using its platform for their international payment needs.
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