OneKard has launched a new global payments platform designed specifically to help African businesses manage cross-border transactions more efficiently. The platform targets businesses that operate internationally, offering tools such as USD and EUR accounts, same-day settlements, foreign exchange (FX) hedging, and business bill payments.
The launch comes as more African companies expand beyond local markets but continue to face challenges with global payments. These include delayed settlement times, exposure to currency volatility, limited access to foreign currency accounts, and poor customer support from international payment providers that are not built for African business realities.
OneKard says its platform was developed to address these gaps directly.
Built for African Businesses Trading Globally
The platform is designed for a wide range of sectors, including manufacturing, small and medium-sized enterprises (SMEs), education, e-commerce, exports, and agribusiness. With OneKard, businesses can receive, hold, and move money across borders with greater speed and visibility than traditional alternatives.
Key features include the ability to open USD and EUR accounts, access same-day settlements, hedge payments against FX volatility, and manage business expenses through bill payments. OneKard positions itself as a more reliable and transparent alternative to existing global payment solutions serving African markets.
According to the company, these capabilities are critical for businesses that rely on predictable cash flow and timely payments to suppliers, partners, and service providers abroad.
Addressing Longstanding Payment Challenges
As African businesses increasingly participate in global trade, many still rely on fragmented payment tools that were not designed with their needs in mind. This often results in operational delays, higher costs, and uncertainty around foreign exchange exposure.
“OneKard is not just another payment product,” said Tomi Ovia, Chief Executive Officer of OneKard. “We built it after working closely with African businesses and seeing how much time, money, and momentum they lose trying to operate globally with tools that weren’t designed for them.”
“Our goal is simple: give businesses clarity, speed, and control over their global finances so they can focus on growth. Same-day settlements, reliable FX protection, and responsive support are not optional — they are essential,” Ovia added.
Strong Focus on Security and Control
Security was a major consideration in the platform’s development, according to OneKard’s leadership. As cross-border fraud and payment scams become more common, the company says it prioritised giving businesses tighter control over how funds move.
Caleb Obiagwu, Chief Technology Officer at OneKard, said the platform includes multiple safeguards to reduce risk. These include designated account controllers, mandatory two-factor authentication for payment approvals, and continuous transaction monitoring to flag suspicious activity in real time.
“We listened to businesses that were worried about fraud, payment errors, and scams,” Obiagwu said. “Our goal was to make it possible for businesses to move money quickly without compromising on security.”
Differentiating From Global Payment Providers
OneKard’s leadership argues that many global payment platforms follow a one-size-fits-all approach that fails to account for the unique constraints African businesses face. These include currency risk, cash flow timing, payment tracking challenges, and the need for fast, human support when issues arise.
According to Oluwaseyi Otunla, Chief Operating Officer of OneKard, the platform is designed to help businesses plan better, reduce losses caused by FX volatility, and move capital at critical moments.
This focus on operational reliability and local context, the company says, is what sets OneKard apart in an increasingly competitive cross-border payments market.
Setting a New Standard for Cross-Border Payments
With the launch of its global payments platform, OneKard is positioning itself as a key infrastructure provider for African businesses participating in international trade. The company says its long-term goal is to improve how businesses across emerging markets access and manage global financial services.
OneKard Technologies is an MSB-licensed technology company that provides cross-border payments, multi-currency accounts, and FX management tools. Its consumer mobile app has already processed over $400,000 in transactions for more than 4,000 users, forming the operational foundation for the newly launched B2B platform.
As African trade continues to globalise, platforms like OneKard reflect a growing push to build financial infrastructure that prioritises speed, transparency, and business growth.
More information is available on the company’s website.
