Africhange Launches UK Bank Accounts and Achieves Bank of Canada Registration
Africhange has announced two major milestones in its mission to...
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Africhange has announced two major milestones in its mission to empower Africans living abroad. <br />
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The company has partnered with Griffin, a UK-licensed bank, to launch GBP bank accounts for customers in the UK, while also being officially recognised by the Bank of Canada as one of the country’s first registered Payment Service Providers (PSPs).<br />
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Introducing UK Bank Accounts for Africans<br />
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Africhange’s partnership with Griffin tackles a problem that’s plagued African immigrants in the UK for years: getting access to proper banking services. From today, Africhange users can open GBP bank accounts with their own unique sort codes and account numbers.<br />
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These aren’t the usual virtual accounts that simply pass transactions along. They’re dedicated bank accounts with full banking functionality. <br />
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Users can receive direct deposits, hold GBP balances securely, and transfer money through the faster payments network. The accounts come with FSCS protection on eligible deposits and linked savings options.<br />
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“At Africhange, we don’t just understand the immigrant journey, we’ve lived it,” said David Ajala, CEO of Africhange. “We’re moving beyond remittances to become a true financial partner, giving our community a trusted place to hold their balance, manage their UK finances, and earn Afripoints, all from one platform.”<br />
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David Jarvis, CEO of Griffin, echoed the sentiment. “Too many immigrants face unnecessary friction in accessing basic bank accounts. We’re proud to be working with Africhange in helping people access the basic financial tools they need to live and work in the UK.”<br />
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In 2026, the company plans to launch a “Send Now, Pay Later” feature that lets users send money instantly and settle the payment later. There’s also a debit card in the works that will give users seamless access to spending and withdrawals across the UK and beyond.<br />
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Bank of Canada adds Africhange to it’s first Payment Service Provider registry<br />
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Back in Canada, Africhange has earned a spot amon...
