Juicyway Secures UK Regulatory Approval to Expand Africa-Focused Payment Services
Cross-border payments platform Juicyway has received regulatory approval from the Financial Conduct Authority, paving the way for its expansion into the United Kingdom’s financial market.
The company has been granted an Authorised Payment Institution (API) licence, allowing it to offer payment services to individuals and businesses in the UK. With this approval, Juicyway plans to roll out remittance solutions, multi-currency accounts and foreign exchange services tailored to users operating between the UK and Africa.
The FCA has significantly tightened its approval process in recent years, with fewer applications being accepted due to stricter checks on compliance systems, capital requirements and operational resilience. Securing the licence is therefore seen as a strong endorsement of Juicyway’s credibility and operational standards.
The move comes as demand grows within the UK-Africa financial corridor, where billions of pounds are transferred annually. Despite the volume, many users – particularly members of the African diaspora – still face high costs and limited options when sending money, managing business payments or handling multiple currencies.
Juicyway says its products are designed specifically to address these gaps, focusing on speed, pricing and currency flexibility suited to African markets.
Speaking on the milestone, CEO Ife Johnson said the approval followed months of rigorous assessment. He noted that the company’s goal is to provide a reliable, regulated platform built with the needs of the African community in mind.
The fintech firm currently serves thousands of individuals and businesses and has processed billions of dollars in transactions across various African currency corridors, positioning itself as a growing player in cross-border payments.
