Nomba has partnered with Volume to enable businesses in Nigeria collect payments directly from UK bank accounts in pounds.
The system removes the need for international card networks and reduces processing costs by as much as 80%. It is already live for selected merchants.
One of the early users is a Lagos-based skincare brand founded by a Nigerian entrepreneur. In 60 days, the company recorded hundreds of transactions across its store and online channels. Out of that figure, almost half the transactions came from UK customers paying in pounds.
Between December 10, 2025 and February 8, 2026, the brand received several thousand pounds from more than a hundred unique buyers in the UK. The business also recorded steady growth in its monthly GBP collections, showing high demand from customers abroad.
The entrepreneur said the system simplified how she manages payments across markets.
“Before Nomba, I was juggling Stripe for my UK customers, a separate POS provider for my Lagos store, and a different bank account for transfers,” she said.
“Now everything is in one place. My UK customers pay in pounds from their banking app, I see it instantly, and I can manage my entire business, Lagos and London, from one dashboard. It’s changed everything for me.”
Until now, many Nigerian businesses selling to UK customers relied on card payments processed through platforms such as Stripe.
Fees typically included 2.9% plus 30p for processing, a 1.5% cross-border charge, about 2% for currency conversion and roughly 0.5% to cover chargeback risks. In total, merchants could lose between 6.4 and 7.4% on each transaction.
On £5,522 in sales, that would amount to about £353 in fees.
Under the new arrangement between Nomba and Volume, payments move through the UK’s Faster Payments system using Open Banking.
Customers select bank transfer at checkout, choose their bank and authorise the payment in their banking app using biometric verification or a PIN. There are no card details involved and no chargebacks once payment is approved.
At roughly 1% processing cost, a brand would have paid about £55 on the same £5,522 volume. That means savings of around £298 in two months.
Nomba’s chief executive said the partnership aligns with the company’s goal.
“We built Nomba to give African businesses world-class financial infrastructure. When a customer can run her entire business, POS in Lagos, GBP collections from London, business banking, all of it, from a single platform, that’s the vision coming to life.
“Partnering with Volume to enable direct GBP bank collections means our merchants no longer lose 6–7% of their revenue just because their customers are in a different country.”
A senior executive at Volume added: “Volume’s mission is to make bank payments the default way to pay online. Seeing a Lagos-based beauty entrepreneur collect payments directly from UK bank accounts, with zero chargebacks and a fraction of the cost, is a powerful demonstration of Open Banking’s potential to reshape cross-border commerce.”
The United Kingdom hosts more than 1.5 million people of Nigerian descent. Many run businesses or buy products across both markets. For small brands, fees on cross-border card payments can limit growth.
With this integration with Volume, merchants can receive pounds directly into their Nomba GBP accounts, hold, convert or pay out the funds from the same dashboard used for their Nigerian operations.
For brands, it means one system for Lagos and one for London no longer applies. Everything now sits in one place.
