Afriex and Global Innovations Bank Settlement Banking Partnership
Afriex has entered into a sponsor and settlement banking partnership with Global Innovations Bank to enhance its B2B cross-border payment API and infrastructure across more than 35 countries.
Aggregated from 3 sources · Updated 23 Aug 2026, 04:02 UTC (UTC)
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Facts (8)
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Afriex announced a new sponsor and settlement banking partnership with Global Innovations Bank (GIB).
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The agreement provides Afriex's B2B Payments API with faster settlement, expanded regulatory coverage, and access to Global USD Accounts.
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Afriex processes more than $600 million in annual payment volume.
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The infrastructure supports money movement across more than 35 countries.
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Afriex's existing banking partners include Choice Bank in Kenya and United Bank for Africa (UBA) in Nigeria.
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Afriex has transitioned from a consumer remittance company to a global payments infrastructure platform for financial institutions.
- EmergingNiche Signal
The partnership is scheduled to become effective in the second quarter of 2026.
- Attribution
Afriex CEO Tope Alabi stated that the partnership is intended to build a banking foundation that makes transactions faster and more reliable.