Geegpay (Raenest) review Africa

Geegpay’s rebrand to Raenest brings its business payment offering under a new name. See what African businesses can access, where it is available and what it costs

Key takeaways

• Geegpay is now known as Raenest, which is a payments provider supporting USD, GBP, EUR and NGN
• Businesses can send money to 70+ countries and receive payments through bank transfers, invoices and payment links
• Geegpay also offers virtual USD business cards at an issuance fee of US$3
• The World Account by WorldFirst is a multi-currency account which supports 15+ currencies and comes with up to 20 virtual cards at no cost

Raenest (formerly known as Geegpay) is a cross-border payments provider used by more than 11,800 businesses across 13 countries¹. It provides users with global account details, multi-currency transactions, international payments, invoices, payment links and USD business cards.¹ But, the card carries a one-time issuance fee of US$3².

This Geegpay (Raenest) review looks at the multi-currency account availability for African businesses, including its features, fees, and more. It also compares Geegpay to a multi-currency account by WorldFirst, the World Account.

What is Geegpay?

Geegpay is a payments provider that offers businesses in Nigeria, Kenya and Ghana with local currency account details for receiving international payments, holding funds in multiple currencies, converting currencies and making international payments.¹

Its business account supports receiving foreign payments in USD, GBP, EUR and NGN.¹ Businesses can also use Geegpay to send money overseas to more than 70 countries.1 Geegpay also provides business cards with spending limits and team control.²

Pros and cons of Geegpay

Geegpay features (available in Africa)

Multi-currency business accounts

Geegpay offers business account details in USD, GBP, EUR and NGN.¹ The USD account supports ACH, domestic wire and SWIFT deposits, while the GBP account can receive CHAPS and instant transfers.¹ EUR account details support SEPA and SEPA Instant deposits, and NGN accounts allow businesses to receive local NGN deposits.¹ The platform also allows businesses to hold funds in multiple currencies and convert between supported currencies.¹

Sending and receiving payments

Geegpay lets businesses send payments in multiple currencies to business bank accounts and mobile money wallets through several international payment methods like ACH, SWIFT, local bank transfers and more.⁵ Businesses can pay suppliers, vendors, employees and contractors internationally.⁵ Plus, Geegpay transfers within the same network available instantly between users on the platform at no cost.⁵

Payment links and invoicing

Geegpay provides invoices and payment links for collecting business payments.^6,7 Payment links support bank transfers and card payments, giving businesses another way to request payment without relying solely on bank account details.⁷ Geegpay also integrates with accounting software like Intuit, Xero and more.⁶

Business cards

Geegpay offers virtual USD business cards at an issuance fee of US$3 and transaction processing charge of US$0.70 per transaction.^2,4 Virtual cards can be assigned to team members, with businesses able to set spending limits and manage expenses. The cards can also be used with Google Pay and Apple Pay.⁴

→ Take a look at Geegpay alternatives and how WorldFirst vs Chipper Cash vs Geegpay compare

Geegpay fees

*Fees checked in August 2026

How to open a Geegpay business account

1. Create an account: Register your business with Geegpay and complete the required identity and company verification.
2. Submit business details: Provide your business activity, account purpose and any required supporting documents.
3. Get approved: Once verification is complete, your account details appear in the dashboard and can be shared with clients and other payers.

The World Account: Built for global businesses

The World Account is designed for businesses that regularly move money across borders. It provides local account details in 15+ currencies (including USD, EUR, GBP, AUD, JPY, CNH and more), allowing businesses to collect overseas payments, keep balances in different currencies, convert funds and pay international recipients from one account.

Businesses can use the World Account to collect payouts from 130+ marketplaces and payment gateways, including Amazon, Etsy and Stripe, and make payments to suppliers and other business recipients. Each World Account is linked to a virtual card, known as the World Card that supports payments in 150+ currencies. No fee is charged when paying in any of the 15 supported currencies via the card, provided there is sufficient balance in that currency.

Key features of the World Account 

• Payout collection from 130+ marketplaces and payment gateways
• Supports payments in 100+ currencies across 200+ countries and regions
• Zero-fee instant payments between World Account holders
• Up to 20 World Cards linked to account balances are available at no cost
• Xero and NetSuite integrations

Main fees 

*Fees checked in August 2026

FAQs

1. What is Geegpay and is it the same as Raenest?

Yes. Geegpay has been rebranded as Raenest.¹ Current product information is published under the Raenest name, although some older Geegpay references may still appear on its platforms.

2. Is Geegpay (Raenest) available in Nigeria, Kenya, Ghana and Morocco?

Yes, it is available in Nigeria, Kenya and Ghana.1 Morocco is not currently supported.

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

You can compare cross-border payment providers active in Africa based on your business’s currency needs, fees and country availability. WorldFirst’s multi-currency account, the World Account, provides local account details in 15+ currencies.

Sources

1. https://www.raenest.com/business/home
2. https://help.raenest.com/en/articles/6391318-usd-virtual-card-charges-on-raenest
3. https://help.raenest.com/en/articles/6382330-bank-accounts-deposit-charges-on-raenest
4. https://www.raenest.com/business/cards
5. https://www.raenest.com/business/make-payments
6. https://www.raenest.com/business/invoices
7. https://help.raenest.com/en/articles/12539669-understanding-payment-links-and-fees-on-raenest
8. https://help.raenest.com/en/articles/16163894-ghana-fees-for-sending-receiving-money
9. https://help.raenest.com/en/articles/16170422-kenya-fees-for-receiving-sending-money

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.