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| VertoFX Appoints Dr. Austin Okpagu as First Country Manager for Nigeria to Drive Cross-Border Payment Solutions in West Africa Image credit: LinkedIn |
VertoFX, the global financial technology firm delivering enterprise-grade cross-border payments, FX, and banking solutions across emerging markets, has announced the appointment of Dr. Austin Okpagu as its first Country Manager for Nigeria.
Long-Term Commitment to Nigeria and West Africa
The move reinforces the company’s long-term commitment to the country and the broader West African region. Since launching operations in Nigeria in 2017, VertoFX has built an impressive portfolio of clients, including some of the largest enterprises doing business in Africa, who rely on the company’s innovative and reliable financial services for their local and international business needs.
Extensive Fintech Experience of Dr. Austin Okpagu
Most recently serving as Managing Director at JumiaPay, Okpagu brings a wealth of extensive experience from several of Nigeria’s most prominent fintech platforms, including OPay and Pagatech, where he drove partnership and business development efforts in both respective companies.
Responsibilities and Goals in New Role at VertoFX
In his new role at VertoFX, Okpagu will spearhead VertoFX’s newly opened offices in Victoria Island, Lagos, to achieve on-ground business growth targets, foster strong relationships with local stakeholders, and implement tailored solutions to meet Nigerian customers’ needs and requirements.
Overview of VertoFX's Innovative Financial Services
VertoFX’s cutting-edge technology enables businesses of all sizes to make secure and seamless cross-border payments, convert between 50 currencies at competitive exchange rates, and instantly send and receive money in over 200 countries.
Leadership's Perspective on New Appointment
Speaking on Okpagu’s appointment and VertoFX’s new physical presence in Nigeria, Ola Oyetayo, Co-Founder and CEO of VertoFX, shared, “We are delighted to welcome Austin as our first Country Manager for Nigeria. Austin’s proven expertise in the payments sector and deep understanding of the local economic market make him the ideal candidate to take charge of our operations in West Africa.”
Dr. Austin Okpagu's Vision for VertoFX Nigeria
Commenting on his new role, Dr. Austin Okpagu, Country Manager at VertoFX Nigeria, stated, “It’s an honor to join the VertoFX team in their mission to become the go-to financial services partner for businesses operating in Nigeria and on the global scale.” He added, “During recent and especially complex macroeconomic conditions, VertoFX has stood out with its ability to provide urgently needed financial solutions to Nigerian enterprises, helping them stay resilient in the face of adversity. I look forward to working closely with key public and private stakeholders in the Nigerian financial sector to further enhance our offerings, targeting a deep and lasting positive impact for local founders and business owners.”
Impressive Transaction Numbers and Platform Growth
Over the past year, VertoFX has facilitated over $2.7 billion in cross-border transactions for Nigerian corporations. During the same time period, the company experienced a staggering 75% increase in the number of Nigerian enterprises using its platform for their international payment needs.
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