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Multi-currency
A business does not keep its money in one shape.
Naira over the counter, dollars for the stock that has not landed yet, and a payment that has to clear a border before the week ends. Multi-currency is the second half of the same product, not a different company.
The build
Three capabilities, one balance.
Each of these is a well-understood product elsewhere in the world. The work is making them behave properly for a business whose revenue is in naira and whose costs are not.
Dollar balances
Hold value in USD rather than converting twice and losing on both legs. For importers, agencies and anyone invoicing outside Nigeria, the balance is the product.
Virtual USD cards
Cards that work where a business actually spends — software subscriptions, advertising, suppliers, travel — issued against the dollar balance rather than a scramble for FX.
Cross-border payments
Sending and receiving across corridors with the settlement time stated up front, because a business plans around when money lands, not what it was quoted.
Why it matters
Speed is now worth more than rate.
The consistent message from businesses operating across African corridors is that a slightly better price is no consolation for being caught in a currency window. Time in transit is the risk; the quoted rate is only the headline.
We are building on that assumption. Settlement timing is a first-class specification, not a footnote in a pricing table.
Sequencing
Regulation-led, deliberately.
Multi-currency is phase two of the merchant product for a reason. It is launched with licensed partners and developed in step with the Central Bank of Nigeria’s framework — because the alternative is building something that has to be switched off later.
When does this become available?
It follows the merchant acceptance product. We would rather give a date we can hold than one that sounds better. If you have a specific corridor or use case, tell us and we will be straight with you about timing.
Who is it for first?
Businesses already earning in naira and spending in dollars — importers, agencies, technology companies and merchants on the acceptance product who need a treasury layer on top of it.
How does ChampPay make money on it?
Primarily the FX spread, alongside transaction fees. We would rather state that plainly than describe the service as free and recover it somewhere less visible.
Have a corridor or a currency problem worth describing?
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