Grey alternatives in Africa
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Discover the top alternatives to Grey for businesses managing international payments, multi-currency accounts and virtual cards across African markets
Key takeaways
- Grey offers personal and business accounts with international payments, virtual cards and payouts to 170+ countries, with prepaid virtual cards
- Grey alternatives for African businesses include WorldFirst, PayPal, Chipper Cash, Eversend, Wise, Remitly, nSave and Payoneer
- WorldFirst’s World Account is a multi-currency account that supports 15+ currencies, with zero fees on receiving payments and up to 20 virtual World Cards at no extra cost
- PayPal supports sending and receiving payments across 200+ countries and 25+ currencies, but receiving payments costs 4.40% plus a fixed fee per transaction
- Chipper Cash offers USD virtual accounts and cards, but the virtual accounts come with a setup fee and a US$1.50 monthly maintenance fee
- Wise offers both personal and business accounts but all accounts are limited to sending payments only
Grey is an international payments provider that offers both personal and business accounts.1 Both account types provide USD virtual accounts. While personal accounts let users spend globally through a virtual card,2 while business accounts add features such as bulk payouts to 170+ countries, team spending controls, API access, and cross-border payment tools.1
Personal accounts are available in Nigeria, Kenya, Ghana, and Morocco, while business accounts are available only in Nigeria. 1,5,6,7
Grey does not charge a monthly fee, the limited availability of business accounts across African markets means many businesses operating across multiple regions may want to consider alternative solutions.
Here are 8 Grey alternatives to consider in 2026 for international payments, multi-currency account management and virtual card access.
1. WorldFirst
WorldFirst is an international payments provider that helps businesses send, receive, hold, and convert money across multiple currencies. The World Account is a multi-currency account that allows businesses to open local currency accounts in 15 currencies, including USD, EUR, and GBP. There are no fees for setting up a World Account or receiving payments.
The World Card, a Mastercard-powered business payment card linked to the World Account, supports spending in 150+ currencies.allows businesses to create up to 20 virtual cards at no extra cost. Businesses can also collect payouts from multiple marketplaces and pay suppliers in China directly in CNH without opening a Chinese bank account.
| Key features |
|
| Main fees |
Monthly fee: Zero Opening virtual local currency accounts: Zero Receiving payments: Zero Holding funds in multiple currencies: Zero Sending payments: Refer to in-portal pricing. Vouchers may apply Currency conversion: Refer to in-portal pricing. Vouchers may apply Getting a World Card: Zero up to 20 cards |
*Fees checked in June 2026. Terms and Conditions Apply
2. PayPal
PayPal is an international payment provider that allows users to send and receive payments in 25+ currencies across 200 countries.8 While personal accounts only support sending payments, business accounts support sending and receiving9,11
Personal accounts are available across Nigeria, Kenya, Ghana and Morocco, while business accounts are restricted to Kenya and Morocco. 9,10,11 PayPal does not clearly specify which currencies can be sent, received or held across these markets, and does not offer business cards in any of these regions.
→ Read more on our PayPal review and compare it with PayPal alternatives
Pricing12: Zero monthly fee and zero account opening fee. Businesses receiving payments are charged 4.40% plus a fixed fee per transaction.
3. Chipper Cash
Chipper Cash is a cross-border payments provider that supports money transfers across 21+ African countries and offers USD virtual accounts as well as USD virtual cards.13,16,17 Personal accounts are limited to sending payments.13 Business accounts support both sending and receiving payments, with higher transaction limits and dedicated support.14
Chipper Cash business accounts are available in Nigeria and Ghana.14 The USD virtual cards have an issuance and maintenance cost starting at US$1.16
→ For more details, see the Chipper Cash review
Pricing15,17: Personal and business accounts are available at zero cost.¹⁵ USD virtual accounts have a setup fee of NGN 5,000 / GHS 60 and a US$1.50 monthly maintenance fee.¹⁷
4. Eversend
Eversend is an international payment provider that offers USD and EUR virtual accounts and USD virtual cards.18 Personal accounts allow users to send, hold and receive money, exchange currencies, and spend through virtual debit cards.18 Business accounts include the same features as personal accounts, while also offering API access to help businesses automate payment processes.19 Eversend provides personal and business accounts in Nigeria, Kenya, and Ghana.20 Eversend offers virtual cards, but users either have to pay a $1 monthly maintenance fee or a one-time $3 fee per card.34
Pricing: Account creation currently costs $2.35 Transfers are charged at 0.7%35
5. Wise
Wise is a payments provider that supports international transfers in 50+ currencies to more than 140 countries.21 Personal accounts are available in Nigeria, Kenya, Ghana, and Morocco, but are limited to sending payments.21 Wise Business is available in Kenya, where it is also restricted to sending payments but includes additional features such as batch payments, volume discounts, accounting integrations and team controls.22 Wise does not currently support cards in any of these regions
Pricing: Account opening cost is zero.22 Transfer fees vary by region starting from 0.29%23
6. Remitly
Remitly is an international money transfer service provider and does not offer personal/business accounts.24 Personal transfers are intended for receiving money from family and friends, while Remitly business is designed for receiving payments from clients, contractors, suppliers, and business partners.
Remitly business is supported in Nigeria, Kenya, Ghana and Morocco where businesses can only receive payments through bank deposits, cash pickup, or mobile money.25,26,27,28 Businesses looking for dedicated multi-currency accounts or broader account functionality may therefore need to consider alternatives.
Pricing: No monthly/set up fee24
7. nSave
nSave is a global payments provider that offers business accounts in Nigeria, Kenya, and Morocco, but is not currently available in Ghana.29 The platform provides multi-currency accounts that allow businesses to receive international payments in USD, EUR, and GBP, send funds, hold balances, and convert between supported currencies.30
Businesses can also access virtual cards through the platform.31 However, GBP accounts held by customers in Nigeria cannot receive incoming funds.32
Pricing: Business accounts have a one-time setup fee of $10.33 Sending GBP payments costs $1 per transaction, while USD and EUR SWIFT transfers cost 0.3% (minimum $14.99 and maximum $24.99)33
8. Payoneer
Payoneer is a global payment provider used by freelancers, online sellers, and businesses to receive and send international payments. Businesses can collect marketplace payouts and use a Mastercard business card in eligible regions. However, Payoneer does not support holding funds in several regions, and some features, including cards and business account functionality, vary by country.
→ Read more on our Payoneer review and compare it with Payoneer alternatives
Pricing: Not specified
Choose the right Grey alternative
For businesses earning revenue from overseas clients, the most important consideration is whether a provider can support the entire payment journey: from receiving funds to holding, converting, and spending them. Hence, the best Grey alternative depends on your business’s specific requirements. Some businesses may prioritise a multi-currency account, while others may need marketplace integrations, virtual cards, or only a way to receive international payments.
FAQ
What are the best alternatives to Grey for African businesses?
For businesses in Nigeria, Kenya, Ghana, and Morocco, the best alternative is the one that offers a multi-currency account with the ability to receive, hold, convert, and send money overseas, alongside features such as virtual cards and team access.
Does Grey charge a monthly fee?
No, Grey does not charge a monthly fee currently.1
Can Grey be used to receive payments?
Yes. According to Grey, users can send, receive, and hold funds through the platform. Availability depends on the country and account type. Read more on our Grey review.
Which Grey alternatives offer a multi-currency card?
WorldFirst offers the World Card for business spending alongside its multi-currency account functionality.
Sources:
- https://grey.co/business
- https://grey.co
- https://support.grey.co/en/articles/10265140-faq-new-pricing-update
- https://support.grey.co/en/articles/9819043-full-virtual-card-transaction-limit
- https://grey.co/en-ke
- https://grey.co/en-gh
- https://grey.co/en-ma
- https://www.paypal.com/in/webapps/mpp/country-worldwide
- https://www.paypal.com/ma/business
- https://www.paypal.com/ke/business
- https://www.paypal.com/ng/home
- https://www.paypal.com/ma/business/paypal-business-fees
- https://www.chippercash.com
- https://business.chippercash.com
- https://support.chippercash.com/en/articles/5698220-business-account-documents-faqs?q=1688
- https://support.chippercash.com/en/articles/5194944-how-to-claim-your-chipper-card
- https://support.chippercash.com/en/articles/8415928-africa-usd-virtual-account-faqs
- https://eversend.co
- https://eversend.co/business
- https://help.eversend.co/en/articles/4349091-what-can-i-do-on-eversend
- https://wise.com
- https://wise.com/ke/business/
- https://wise.com/ke/pricing/business
- https://www.remitly.com/us/en/landing/business
- https://www.remitly.com/us/en/help/article/how-to-send-a-transfer-to-nigeria
- https://www.remitly.com/us/en/help/article/receiving-money-kenya
- https://www.remitly.com/us/en/help/article/receiving-money-morocco
- https://www.remitly.com/us/en/help/article/how-to-send-a-transfer-to-ghana
- https://intercom.help/nsave_help_center/en/articles/10667646-supported-countries-for-opening-an-nsave-account
- https://www.nsave.com/products/business
- https://www.nsave.com/products/cards
- https://intercom.help/nsave_help_center/en/articles/13572268-gbp-accounts-on-nsave-what-you-can-and-can-t-do
- https://www.nsave.com/pricing-business
- https://help.eversend.co/en/articles/8185032-eversend-virtual-card-fees
- https://help.eversend.co/en/articles/12059261-how-to-create-a-eur-usd-gbp-virtual-account
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.
Hu Wenzhan is the Emerging Markets Country Manager at WorldFirst. He brings expertise across Fintech, Payments, Banking, New Markets Growth to help clients grow their global business.
Hu Wenzhan
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