Geegpay (Raenest) alternatives in Africa

Geegpay offers multi-currency accounts, but its business account is not available across every African market. See what five Geegpay alternatives bring to the table

Key takeaways

• Geegpay has been rebranded as Raenest and offers business accounts in Nigeria, Kenya and Ghana
• Geegpay’s virtual USD card costs US$3 to create and US$0.70 per successful transaction, while receiving international payments carries fees starting from US$1

• WorldFirst offers the World Account for businesses, with local receiving accounts in 15+ currencies and marketplace payout support

Geegpay, now rebranded as Raenest, provides business accounts in Nigeria, Kenya and Ghana, supporting USD, GBP, EUR and NGN transactions, international transfers, invoicing, payment links and business cards.1,2 Its virtual USD card costs US$3 to create and US$0.70 per successful transaction. Receiving international payments also carries fees starting from US$1.^2,3

This guide covers five Geegpay alternatives in Africa and dives deep into what they have to offer. Also explore a multi-currency account, the World Account by WorldFirst that supports international payments in 15+ currencies.

Top alternatives to Geegpay in Africa

1. WorldFirst

The World Account is a multi-currency business account from WorldFirst, an international payments provider available in African markets including Nigeria, Kenya, Ghana and Morocco. It is designed for businesses handling cross-border transactions, from collecting overseas customer payments and marketplace payouts to paying international suppliers and other recipients.

Businesses can set up local account details in 15+ currencies to receive and hold funds, then convert them, use them for international payments or transfer them to a linked bank account. The World Account also supports payouts from 130+ marketplaces and payment gateways, while payments can be sent in 100+ currencies across 200+ countries and regions.

Key features of the World Account

• Local account details in 15+ currencies, including USD, EUR, GBP, AUD and CNH
• Payout collection from 130+ marketplaces and payment gateways, including Amazon, Shopify, Stripe and Etsy
• The World Account is linked to a virtual card, the World Card, supporting payments in 150+ currencies
• Up to 20 multi-currency cards are available at no additional cost. There are no fees when paying in any of the 15 supported currencies (with sufficient balance held in that currency)
• The account integrates with reconciliation software like Xero and NetSuite

*Fees checked in August 2026

2. Grey

Grey is a cross-border payments provider that offers accounts for individuals and businesses.^4,5 Personal accounts are available in Nigeria, Morocco, Kenya and Ghana, with features and supported currencies varying by market.^5,6,7,8 But, users must note that Moroccan personal accounts receiving EUR or GBP are automatically converted into Moroccan Dirhams.⁸

Grey business account is currently available in Nigeria, providing USD account details, international payments, bulk payouts and team spending controls.⁴ Business users can also access virtual VISA and Mastercards at a cost of US$5 and US$4 respectively.^9,10

Pricing: Zero monthly account fee⁴; receiving fees start at 0.8% for ACH, SEPA and FPS.¹¹ Currency conversion costs 1%⁵

*Fees checked in August 2026

→ Read more on this Grey review and discover Grey alternatives in Africa

3. Chipper Cash

Chipper Cash offers business accounts in 21+ countries including Nigeria and Ghana, with business users getting access to the features available to individual users (like USD virtual accounts) alongside higher transaction limits and dedicated support.^12,13 Users can receive ACH and wire payments on USD accounts at a fee of 0.75% and US$25 respectively.¹⁴ Chipper also provides USD virtual cards that carry a US$5 issuance cost and US$1 monthly maintenance cost.¹⁵

Pricing: Business account opening and monthly fees are zero.¹⁶ USD virtual account creation costs NGN5,000 in Nigeria or GHS60 in Ghana¹⁶

*Fees checked in August 2026

→ Read more on this Chipper Cash review and discover Chipper Cash alternatives in Africa

4. Payoneer

Payoneer provides business and personal accounts with local receiving options across 70 currencies and supports payments in 190+ countries and territories.¹⁷ Its personal/business account is available in Nigeria, Morocco, Kenya and Ghana.¹⁷  Payoneer’s marketplace network connects with more than 2,000 platforms, including Amazon, Fiverr, Upwork and Shopify.^17,19

Businesses can hold multiple currency balances, receive payments from clients and marketplaces, and use Payoneer cards for business expenses.¹⁷ Each card is linked to a single USD, GBP, EUR or CAD balance, with an annual fee of US$29.95.^18,19,20

Pricing: Zero monthly fee.19 A US$29.95 annual account fee applies when less than US$6,000 is received in 12 consecutive months¹⁹

*Fees checked in August 2026. Fees vary by region and account type

→ Read more on this Payoneer review and discover Payoneer alternatives in Africa

5. nSave

nSave provides personal and business accounts for international payments, with business accounts available in Nigeria, Kenya and Morocco.^21,22 Businesses can receive, hold, convert and send USD, EUR and GBP through foreign currency accounts, alongside virtual multi-currency cards.^21,23

Its business account is designed for registered entities and supports international client receipts, supplier payments and team expenses.21 GBP accounts held by Nigerian customers cannot receive certain incoming payment types.²⁴

Pricing: US$15 one-time business account application fee, GBP transfers cost US$1, while USD and EUR SWIFT transfers cost 0.3%.²⁵ Currency conversion costs 0.6%²⁵

*Fees checked in August 2026

FAQs

1. What are the alternatives to Geegpay for African businesses?

The main options covered here are WorldFirst, Grey, Chipper Cash, Payoneer and nSave. Their availability and features differ by market, particularly for business accounts, foreign currency receiving and virtual cards.

2. Is Geegpay the same as Raenest?

Yes. Geegpay has been rebranded as Raenest.²⁶ Current business account and pricing information is published under the Raenest name.¹

3. Do Geegpay alternatives offer USD receiving accounts?

Yes. WorldFirst, Grey, Chipper Cash, Payoneer and nSave all provide USD receiving options, although the account type, payment rails and eligibility vary by provider and country.

4. What currencies do Geegpay alternatives support?

Currencies supported vary significantly. WorldFirst supports 15+ receiving currencies, while nSave focuses on USD, EUR and GBP for its business accounts. Payoneer, Grey and Chipper Cash have more market-specific currency and account options.

Sources

1. https://www.raenest.com/business/home
2. https://www.raenest.com/business/cards
3. https://help.raenest.com/en/articles/6391318-usd-virtual-card-charges-on-raenest
4. https://grey.co/business
5. https://grey.co
6. https://grey.co/en-ke
7. https://grey.co/en-gh
8. https://grey.co/en-ma
9. https://grey.co/cards
10. https://support.grey.co/en/articles/9819043-full-virtual-card-transaction-limit
11. https://support.grey.co/en/articles/10265140-faq-new-pricing-update
12. https://business.chippercash.com
13. https://www.chippercash.com
14. https://support.chippercash.com/en/articles/8415928-africa-usd-virtual-account-faqs?q=API
15. https://support.chippercash.com/en/articles/5194944-how-to-claim-your-chipper-card
16. https://support.chippercash.com/en/articles/5698220-business-account-documents-faqs?q=1688
17. https://www.payoneer.com/business/
18. https://payoneer.custhelp.com/app/answers/detail/a_id/18226/~/account-with-card—faq%20
19. https://www.payoneer.com/multi-currency-account/
20. https://www.payoneer.com/about/pricing/
21. https://www.nsave.com/business
22. https://www.nsave.com
23. https://www.nsave.com/cards
24. https://intercom.help/nsave_help_center/en/articles/13572268-gbp-accounts-on-nsave-what-you-can-and-can-t-do
25. https://www.nsave.com/pricing
26. https://www.raenest.com/blog/we-have-evolved-say-hello-to-the-new-raenest-your-global-money-partner

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.