Songhai Exchange is Rebranding to CSL Pay
Backed by CSL Capital UK (a leading pan-African banking boutique and member of FCMB Group Plc), CSL Pay’s core objectives goes beyond connecting organisations, reducing cost and driving efficiency through agile technology and financial services; to building solid business partnerships that last.
CSL Capital UK Ltd is regulated by the UK’s Financial Conduct Authority as a Pan African broker of Currencies, Equities and Fixed Income instruments, receiving and transmitting hard currency flows from NGO/Aid agencies, Foreign Portfolio Investors and Remittance companies to its local banking partners throughout Africa. The local partners then convert the flows into local currencies in order to facilitate the transactions that necessitated these flows.
Through CSL Pay. we facilitate direct connections between remitters and distribution partners throughout Africa in a single integration exercise, cutting out middleman fees and giving the remitter direct access to building relationships with the banks. Not only this, we enable financial institutions to negotiate FX rates and selectively offer credit to remittance companies to provide better services to customers such as instant remittance.
For insight on how CSL Pay empowers Charities and NGOs in the disbursements of funds across countries in Africa, visit our Charities and NGOs page.
Whether you are a current member of the CSL Pay,
or you want to get involved, we would love to hear from you.