**Breaking the Chains of Cross-Border Fees: Nomba Revolutionizes Payment for Nigerian Merchants** In a move that is set to ease the financial burden on Nigerian businesses, Nomba, a leading fintech company, has partnered with Volume, a UK-based payment solution, to enable merchants to collect British Pounds directly from UK bank accounts. This groundbreaking partnership leverages the UK's Open Banking initiative, which allows banks, fintechs, and financial institutions to collaborate and enable seamless bank-to-bank payments. For years, Nigerian businesses have borne the brunt of high international card processing fees when receiving payments from UK customers. This is about to change with Nomba's new payment corridor, which reduces reliance on international card processors and eliminates the need for card details. Instead, customers can authorise payments directly from their banking apps. According to Yinka Adewale, Nomba's CEO, the partnership is a significant milestone in providing African businesses with world-class financial infrastructure. "Our merchants no longer have to lose 6-7% of their revenue just because their customers are in a different country," he said. This move taps into the growing commercial relationship between Nigeria and the UK, with the two countries enjoying a significant trade volume. In 2025, the total trade volume between the UK and Nigeria was £95.7 million, and cross-border transactions include e-commerce purchases, remittances, subscriptions, and professional services. For Nigerian merchants selling to UK customers, transactions often come with fees, such as card processing charges or cross-border charges. Nomba's new corridor aims to address these inefficiencies by connecting African merchants directly into the UK banking infrastructure. The company notes that this is not a replacement for existing payment methods but an expansion of how merchants can collect international payments. With the launch of this new payment channel, Nigerian merchants can now offer their UK customers a new payment option, mirroring the way they pay for everyday transactions. This is a significant differentiator, giving African businesses access to infrastructure that was previously out of reach. The payment process is simple: UK customers choose the payment option at checkout, authorise the payment through their bank, and the funds are processed locally by Volume before being settled into a GBP wallet. This wallet is managed by an undisclosed electronic money institution licenced in the UK, allowing merchants to hold funds in multiple currencies. This innovative partnership is set to revolutionise cross-border payments for Nigerian merchants, providing a more efficient and cost-effective way to collect