Knox Wire has hosted top executives of Nigeria’s leading banks and financial institutions as it unveils its services including the Real Time Gross Settlement (RTGS) services to the Nigeria market.
Knox Wire RTGS platform is has rich features especially its unparalleled speed during e-payment transactions.
The payment company offers financial institutions real-time to same day cross-border payments to a global network of almost 30,000 institutions in 120 countries and 80 currencies.
In a statement, the company said it will formally introduce its services through a conference taking place in Lagos, and will be joined by a collaborating partner based in Nigeria who has opened communication to selected financial institutions across Nigeria.
Knox Wire is one of only three major global RTGS solutions but greatly improves upon current offerings by leveraging a correspondent network for off network payments, advanced technical features to provide near-instantaneous cross-border transactions, Anti money laundering transaction monitoring to prevent fraudulent activity, and a system that integrates seamlessly with existing financial systems.
Bode Akinboye, on behalf of the country Representative, Sweetapple Capital confirmed that the conference took place at The Federal Palace Hotel, Lagos on Wednesday April 6 by 11am. There was subsequent meetings discussing integration agreements and timelines.
Nigeria’s Gross Domestic Product (GDP) is expected to reach $445 billion by the end of 2022 and boasts the highest remittance inflows when compared to any African country, making Nigeria a key milestone in connecting Knox Wire’s Real-Time Gross Settlement (RTGS) network to African-based financial institutions.
