In a bold move shaking up Nigeria’s fintech space, digital finance platform Platnova has abolished charges on all naira transfers and introduced global payment features aimed at empowering everyday users.

Platnova, one of the fastest-rising platforms in the financial services space, is taking on two major pain points for Nigerians: excessive bank transfer fees and the difficulty of making international payments. The company now allows users to send money to any Nigerian bank account for free — no convenience fees, no caps, and no hidden charges.

“You shouldn’t be taxed for moving your own money — it’s your right,” said Benjamin Oyemolan, CEO and co-founder of Platnova. “Free transfers are not a promo for us, it’s a principle.”

His comment comes at a time when Nigerians are spending billions annually on routine transfers. According to 2023 data from the Nigerian Inter-Bank Settlement System (NIBSS), over 1.7 billion transfers were recorded, with users estimated to have paid over ₦34 billion in transfer fees alone.

Platnova is also addressing the challenge of global spending. With many banks suspending dollar transactions and increasing FX restrictions, the platform has introduced USD virtual accounts and virtual dollar cards. This allows users — particularly freelancers, students, and online business owners — to receive international payments and pay for global services like Amazon, Coursera, Spotify, Canva, and Meta ads.

“Our mission is simple — make money movement affordable and accessible for everyday users,” the Platnova team said. “Nigerians are already doing so much with so little. We want to give them tools that save money and expand possibilities.”

Alongside multi-currency wallets, crypto tools, bill payments, and lifestyle features, the platform’s user-first approach is quickly gaining traction. Platnova’s combination of fee-free transfers and access to international finance is attracting a growing user base and reshaping expectations of digital banking in Nigeria.

In a country grappling with inflation and rising living costs, Platnova’s offering is not just a convenience — it’s relief. And for many, it may signal the start of a more inclusive, transparent financial experience.