A company is launching an app to make foreign transfers easier.

FiatPlug Technologies Limited is set to launch a peer-to-peer (P2P) fintech application aimed at transforming international transactions. 

The app, scheduled for release in late January 2024, aims to revolutionize the handling of payments and remittances globally, with a specific focus on addressing the challenges faced by Nigerians in receiving international payments.

Remittances constitute 6.1% of Nigeria's GDP, and the new app intends to provide a seamless solution for individuals and businesses to receive international payments through cryptocurrencies, easily convertible to local currency. 

Founder Chinaza Ojika emphasized the company's commitment to pioneering innovative methods and advanced technologies to redefine monetary transactions in Africa.