Fintech deepens cross-border payment push

OneDosh, a fintech company focused on international payments, is expanding its cross-border financial services after attracting 300,000 registered users in less than a year, as competition intensifies among digital platforms seeking to simplify international money transfers.

The company announced the milestone at its Frontier 2026 event held on Tuesday in Lagos, where it unveiled a new version of its application, additional security features and plans to enter 19 more African countries before the end of 2026.

OneDosh Co-founder, Babatunde Osinowo; Chief Product Officer, Austin Cornell; Chief Marketing Officer, Pedro Pinto; and Country Manager, Taiwo Olowu, attended the event alongside partners, investors, ambassadors and other industry stakeholders.

Speaking at the event, Cornell said the company’s strategy was built around addressing persistent challenges in cross-border finance, including slow transfers, limited currency access and restrictions affecting people living and doing business internationally.

“Our mission, from the very beginning, has always been to make money move as freely as humans,” Cornell said. “Freedom is essential in your financial life; no one should be told what to do with their money or have their access restricted.”

A major announcement was the launch of OneDosh Version 2, which the company said would improve application performance and transaction efficiency.

The upgrade reduces the application’s download size from 121 megabytes to 23 megabytes, while median currency conversion time has fallen from 186 seconds to 19 seconds, according to the company.

OneDosh also introduced an Elite metal card targeting high-net-worth customers, with currency conversion limits of up to $1m per transaction. It also unveiled Money Fortress, a security initiative designed to strengthen identity verification and platform protection.

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The developments come as digital payment providers seek to address the cost, speed and accessibility challenges associated with moving money across borders, particularly for individuals and businesses operating in multiple markets.

Cornell said the company planned to introduce additional financial products, including Earn, alongside gold and Bitcoin options intended to give users more choices for preserving wealth.

He also announced plans to expand into 19 additional African countries before the end of the year, although the company did not disclose the markets it intends to enter or the investment required to support the expansion.

The event featured a panel discussion titled ‘Money Without Borders: Building the Rails for Africa’s Borderless Generation’, organised in partnership with BGR Consulting.

Participants included Lagos State Commissioner for Innovation, Science and Technology, Olatunbosun Alake; Consul General of Nigeria in New York, Abubakar Jidda; Nnenna Jacob-Ogogo of FCMB Group; Paga Nigeria Chief Executive Officer, Opeyemi Oyinloye; Osaro Jackson of Yellow Card Nigeria; and Managing Partner at 234Finance, Ezinne Nwazulu.

OneDosh said its expansion strategy was aimed at building financial infrastructure that would enable individuals and businesses to access, transfer, convert and manage money across borders.