Juicyway gets FCA licence for UK-Africa payments, launches remittance services
Sponsored content: Juicyway has received Authorised Payment Institution licence from UK's Financial Conduct Authority, enabling it to offer payment services to individuals and businesses in Britain. The approval marks formal entry into UK market where company plans remittance services, multi-currency accounts, and foreign exchange products for Africa corridor.
The FCA authorization is significant given tightened standards—approval rates now around 20% versus ~7% in 2021. Juicyway says it built the platform specifically for Africans in UK sending money home, paying continental suppliers, or managing multi-currency business accounts, addressing current costly and fragmented options.
Serving over 2,200 enterprises and 17,000 individuals with $4B+ processed volume, Juicyway targets diaspora users needing better currency pairs, speed, and pricing. CEO Ife Johnson noted the licence required months proving compliance meets FCA standards.
UK residents can learn about services at juicyway.com. Will this regulated UK-Africa payment option change how you handle cross-border transfers or business payments?