SPAYZ.io to Showcase African Payment Expansion at Forex Expo Dubai 2026

SPAYZ.io is expanding its African payment infrastructure to support Forex brokers, adding Morocco and Zambia to its growing network. For fintech professionals, this move highlights the critical role of localized payment methods—like mobile money and specific e-wallets—in overcoming high-risk transaction hurdles and fraud risks within the continent’s rapidly growing trading sector.

What was announced

SPAYZ.io will showcase its latest payment solutions at the Forex Expo Dubai 2026, held on 22–23 September at the Dubai World Trade Centre. The company is focusing on how local payment infrastructure can facilitate the entry and scaling of Forex businesses across African markets. This follows a year of significant expansion where SPAYZ.io launched solutions in South Africa, Tanzania, Congo, Cameroon, and Nigeria. The most recent additions to this footprint are Morocco and Zambia, providing merchants with expanded local payment routes as they enter new territories.

In Nigeria, a key market for the firm, SPAYZ.io has integrated OPay and PalmPay alongside traditional bank transfers to support both pay-in and pay-out flows. Data from the market shows that bank transfers achieve a success rate of 77%, while OPay reaches 79%. The inclusion of these familiar e-wallets can improve transaction performance by an additional 7–10%. Beyond conversion rates, the company has addressed operational challenges such as third-party fraud. By adjusting payout logic in collaboration with banking partners, the system now ensures funds are only returned to the original bank account used for the payment. The infrastructure is designed specifically for high-risk businesses, utilizing a single API integration and a P2P Agent Dashboard for real-time transaction monitoring.

"Working with its banking partner, we adjusted the payout logic so funds could only be returned to the user's original bank account, closing the gap while keeping the payment journey straightforward."

SPAYZ.io

The companies involved

SPAYZ.io is a fintech provider specializing in payment infrastructure for high-risk industries, with a particular focus on the African continent. The company operates a network that combines local bank transfers and mobile money solutions tailored to regional consumer preferences. Among its key partners in the Nigerian market are OPay and PalmPay. OPay is a major financial services platform in Nigeria, while PalmPay has gained international recognition for its rapid growth. In 2025, PalmPay was named one of the world’s top 300 fintech companies by CNBC and Statista, highlighting its significant role in the digital payment ecosystem.

The Forex Expo Dubai 2026, where SPAYZ.io will present these developments, is hosted at the Dubai World Trade Centre. This venue serves as a central hub for global fintech and trading professionals. By positioning itself at this event, SPAYZ.io aims to bridge the gap between international Forex brokers and the specific operational realities of African markets, where payment behavior varies significantly between countries like Tanzania, Zambia, and Morocco.

What FF News has reported before

FF News has closely followed the evolution of the global payments landscape and the rise of key players in the African market. In early 2026, reports detailed how SPAYZ.io Reveals Major Shifts Redefining Global Payments in 2026, highlighting the company's perspective on changing merchant needs. Additionally, the rapid ascent of regional partners has been a recurring theme. FF News reported on how PalmPay Named One of the World's Top 300 Fintech Companies of 2025 by CNBC & Statista, a distinction also covered in an earlier report regarding the PalmPay Named One of the World’s Top 300 Fintech Companies of 2025 by Consumer News and Business Channel (CNBC) & Statista.

What this means

The expansion of SPAYZ.io into Morocco and Zambia underscores a broader industry shift: the "one-size-fits-all" approach to African payments is effectively dead. For Forex brokers, the challenge is no longer just about obtaining a license, but about navigating the fragmented "last mile" of liquidity. By achieving success rates near 80% through e-wallets like OPay, SPAYZ.io is putting pressure on traditional payment gateways that rely solely on legacy banking rails. The focus on payout logic also addresses a critical pain point in high-risk sectors—fraud prevention—which remains the primary barrier to institutional confidence in emerging market retail trading.