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Neutronpay partners with Bitnob to enhance cross-border payments

By Delisha Fernandes

May 24, 2023

  • Africa
  • Africa Fintech
  • Bitnob
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bitnobNeutronpay, a payments company, has partnered strategically with Bitnob, an African Lightning payments company.

The alliance is set to transform cross-border payments by integrating the strengths of both companies, unlocking new avenues for bilateral trade between Vietnam and Africa using the Lightning Network.

The collaboration aims to address the challenges millions of people face in Africa and beyond in their quest for fast, affordable, and secure cross-border payments. By leveraging Neutronpay’s Lightning infrastructure in Asia, the partnership will enable businesses & individuals to conduct transactions using fiat and bitcoin.

“I am thrilled to have this partnership with Bitnob, the leading Lightning company in Africa. This partnership will allow us to provide African businesses with a fast, secure, and affordable way to send and receive money to Vietnam. Our partnership with Bitnob will allow us to offer African businesses the benefits of the Lightning Network for sending money to Vietnam. I am excited to work with Bitnob to give African businesses a better way to send money.” said Albert Buu, Founder & CEO of Neutronpay.”

“It’s not news that there is a growing trade relationship between Africa and Vietnam. In 2021, Vietnam exported $2.24 billion worth of goods to Africa, with trade between Nigeria and Vietnam alone increasing at an annualised rate of about 35% over the past 25 years. We are thrilled to partner with Neutronpay to help improve the trade and remittance experience between the continent and Vietnam. We believe this will further strengthen and deepen today’s trade relations, ” said Adewale Osideinde, COO of Bitnob.”

This partnership could signify a major step towards financial inclusion and economic growth in the region. With the increasing adoption of Lightning and the growing demand for efficient trade solutions, the Neutronpay-Bitnob alliance will provide an accessible gateway for individuals and businesses to tap into the increasing global economy, fostering stronger trade relationships between Vietnam and Africa.

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