NALA gets regulatory green light to operate in Ghana

NALA, a globally regulated fintech firm developing modern payment infrastructure, has secured formal clearance from the Bank of Ghana. The regulator has issued a Letter of No Objection (LONO) to NALA and its authorised local partner, BigPay, permitting the two companies to activate and operate remittance services within Ghana’s financial system.

This approval represents a major step forward in NALA’s mission to build payments for the next billion, enabling the expansion of secure, low-cost and seamless cross-border transactions across Africa and Asia.

With regulatory approvals now spanning multiple continents and a strong reputation for compliance, NALA continues to demonstrate the operational discipline required to move money at scale across emerging markets.

The Bank of Ghana’s endorsement to collaborate with BigPay highlights NALA’s commitment to building trusted and compliant financial infrastructure. The approval allows NALA to operate fully within Ghana’s regulated environment, offering officially sanctioned remittance services to both individuals and corporate clients.

Alongside receiving the LONO, NALA has also announced a strategic partnership with BigPay, its licensed Payment Service Provider (PSP) in Ghana. BigPay’s extensive payments network, bank-grade APIs and advanced settlement systems will support secure and rapid transfers to banks and mobile wallets across the country.

Cross-border remittances remain a crucial financial lifeline for millions of African households. However, high transaction fees continue to strip billions from the continent’s economy. NALA seeks to address this by delivering transparent, dependable and cost-efficient services that reduce the financial burden on users.

NALA’s founder and CEO, Benjamin Fernandes, stated: “We are thrilled to receive official approval from the Bank of Ghana to operationalise our remittance flows in partnership with BigPay. This milestone reflects our deep commitment to global regulatory compliance, strong local partnerships, and delivering exceptional value to the Ghanaian market. At NALA, we believe financial infrastructure must be built alongside trusted licensed institutions. BigPay’s capabilities and reputation make them a natural partner for our mission. With this approval, we’re not just expanding access — we’re strengthening the resilience, transparency, and inclusivity of Ghana’s financial ecosystem.”

BigPay’s Managing Director, Isaac Tetteh, added: “We are delighted to partner with NALA to bring enhanced, customer-centric remittance solutions to the Ghanaian market. This approval from the Bank of Ghana opens a new chapter of opportunity; not just for our two organisations, but for the millions of individuals and businesses who rely on secure, affordable, and efficient financial services. At BigPay, we are committed to powering innovation through strong partnerships, and NALA’s vision aligns perfectly with our mission to deepen financial inclusion and expand digital payment capabilities across Ghana. We are excited about the growth possibilities ahead and look forward to delivering real value to customers through this collaboration.”

NALA now holds licences and regulatory approvals across Africa, Europe, the United Kingdom and the United States, with further infrastructure expanding into Asia. Its investment in compliance, treasury management and local partnerships has enabled the creation of a trusted global payments network capable of powering safe, real-time payments for consumers and enterprise clients.

The Bank of Ghana’s approval marks yet another milestone in NALA’s journey to reshape the global remittance sector and widen access to transparent and inclusive financial technology.

About NALA

NALA is a global fintech company and money-transfer platform that facilitates secure and reliable payments from the United States, Europe and the United Kingdom to Africa and Asia.

Launched in 2022, NALA’s mobile app allows users to send money to more than 249 banks and 26 mobile money services across 16 countries in Africa and Asia.

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