Brij Fintech Ghana has initiated a pilot for its BrijX B2B Currency Swap Platform to facilitate efficient currency swaps between the Ghanaian Cedi and the Nigerian Naira, supervised by the Bank of Ghana. The project aims to enhance cross-border financial transactions and will involve partnerships with MobileMoney LTD and G-Money Financial Services for testing.
Brij Fintech Ghana has launched a six-month pilot phase of its BrijX B2B Currency Swap Platform, operating under the oversight of the Bank of Ghana’s Regulatory Sandbox. This platform aims to create a digital marketplace where businesses can perform direct currency swaps between the Ghanaian Cedi and the Nigerian Naira, eliminating the need for traditional foreign exchange methods.
The implementation of the BrijX B2B Currency Swap Platform presents a significant opportunity for enhancing cross-border transactions between Ghana and Nigeria. By providing a streamlined solution, Brij Fintech Ghana aims to improve financial inclusion and facilitate trade efficiency in the region. The success of this initiative could potentially transform currency exchange procedures in West Africa.
Original Source: 3news.com
