The British deputy high commissioner in Lagos, Jonny Baxter, has endorsed Moniepoint’s plans to launch new payment solutions tailored for Nigerians living in the UK, highlighting the initiative as a strong step toward deepening economic and diaspora engagement between both countries.
Baxter, during a visit to Moniepoint’s UK office, underscored the importance of the Nigerian diaspora in the UK, acknowledging how remittances, investments, and entrepreneurial activity from this group fuel bilateral growth.
He highlighted Moniepoint as a successful example of an African company creating solutions with global impact—supported by British International Investment’s stake in the fintech.
The UK and Nigeria recently signed an Enhanced Trade and Investment Partnership (ETIP), which lays the foundation for deeper cooperation across industries. Moniepoint’s presence in the UK aligns with that vision, as it not only brings Nigerian innovation to British shores but also opens up new pathways for cross-border collaboration, digital finance, and SME support.
Moniepoint serves over 10 million businesses and individuals in Africa and processes over 1 billion transactions monthly. As Nigeria’s largest merchant acquirer, the company is leveraging its infrastructure and credibility to connect diaspora users with secure, fast, and reliable financial tools.
British officials at the meeting, including Hugh de Lusignan of the UK’s Department for Business and Trade, described Moniepoint as a “symbol of the vibrant and growing economic ties between the two nations,” and reiterated the UK’s readiness to support platforms that make a difference for real people on both sides.
A key highlight of the meeting was Moniepoint’s commitment to rolling out new payment solutions aimed specifically at Nigerians in the UK, helping them send money home quickly, transparently, and affordably.
“This is more than just trade. It’s about people, connections, and shared prosperity. Nigerians in the UK are a vital part of the economic bridge between our two countries. We want to make their financial lives easier and empower them to continue supporting families and businesses back home,” said Moniepoint CEO, Tosin Eniolorunda.
