Nala

Nala offers international money transfers with a focus on speed, affordability, and security. Key features include instant transfers to mobile money wallets, competitive exchange rates with no hidden charges, and real-time payment updates and notifications. It supports sending payments to Nala users in sender countries for local transactions like splitting bills or sharing expenses.

Users can send money from Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, United Kingdom, and United States. Recipients can receive money in Africa (Cameroon, Congo Brazzaville, Cote d'Ivoire, Gabon, Ghana, Kenya, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda) and Asia (Bangladesh, India, Pakistan, Philippines).

Nala supports daily transaction limits of up to $/£/€5,000, with variations based on sender country and account type. Delivery times are often instantaneous for mobile money accounts (e.g., Kenya, Tanzania, Uganda, Ghana, Rwanda, Cameroon, Senegal, Cote d'Ivoire, Bangladesh) and a few minutes for many bank accounts (e.g., Nigeria, Kenya, Philippines, Pakistan, India UPI ID). Some bank transfers have specific processing windows (e.g., Tanzania, Uganda, Ghana, South Africa, Bangladesh) with funds delivered on the next business day if outside the window.

Nala emphasizes user security by operating with global payment licenses and regulated banking partners. In the UK, NALA Payments Ltd is an EMD agent of Modulr FS Limited (FCA authorized). In the EU, NALA Payments Netherlands B.V. partners with Modulr Finance B.V. (DNB authorized). In the US, Nala Inc. partners with financial services software companies like Sila Inc. and Priority Technology Holdings Inc., and Mufasa Payments LLC partners with Lead Bank. Nala Payments LLC also holds state-issued money transmitter licenses in certain US states.

Nala primarily targets individuals and expatriates residing in the UK, US, and EU who need to send money home to family and friends in various African and Asian countries. It also caters to businesses through its Rafiki API for integration purposes, aiming to serve 'the next billion' by providing affordable financial services.

For businesses, Nala offers the Rafiki API, allowing them to integrate Nala's payment infrastructure into their own platforms. This enables businesses to leverage Nala's cross-border payment capabilities and potentially offer USD accounts.