He said the Elite offering was designed primarily for businesses that require faster, cheaper and more secure ways to move money internationally, although high-net-worth individuals would also be eligible.<\/p>\n
\u201cBusinesses need the ability to move substantial amounts of money across currencies quickly, cheaply and securely. Through this offering, eligible users will be able to convert up to $1 million at a time,\u201d Cornell said.\n<\/p>\n
The proposed expansion marks a shift in OneDosh\u2019s strategy from serving freelancers, remote workers, creators and other individual users towards capturing larger-value transactions from businesses operating across international markets.\n<\/p>\n
Launched in December 2025, OneDosh has expanded its product offerings from dollar and naira wallets, currency conversion and peer-to-peer transfers to virtual and physical payment cards, dollar bank accounts through licensed partners and a Premium subscription tier.\n<\/p>\n
The company said more than 260,000 people had joined its platform, over $14 million had been processed in transactions and more than 70,000 users had gained access to dollar bank accounts. Cornell, however, put its current user base at approximately 300,000.\n<\/p>\n
The company is betting that its growing customer network and upgraded technology infrastructure will help it attract businesses seeking alternatives to conventional international payment channels, which can involve high transaction costs, foreign exchange restrictions and delays.<\/p>\n
At the event, OneDosh introduced Version 2, which Cornell said delivers improvements in transaction speed and efficiency. He identified its in-house identity infrastructure and security technology as key differentiators in a competitive digital payments market.\n<\/p>\n
However, expanding into high-value corporate transactions could expose the platform to a significant challenge in Nigeria\u2019s foreign exchange market: liquidity.\n<\/p>\n
Cornell acknowledged that insufficient liquidity in naira and stablecoins affects conversion rates and the efficiency of cross-border transactions, despite the company\u2019s use of stablecoins to facilitate currency movements.\n<\/p>\n
\u201cThe biggest challenge in the market today is liquidity,\u201d he said, adding that OneDosh intends to expand its network of users and financial participants to increase transaction volumes, improve liquidity and reduce conversion costs.\n<\/p>\n
The liquidity challenge could become particularly important as the company targets larger transactions, where the availability of sufficient funds across currencies will be critical to delivering competitive exchange rates and timely settlements.<\/p>\n
Beyond corporate payments, OneDosh is also preparing to introduce an Earn feature expected to offer an annual return of 3.5 percent on eligible dollar balances. It also plans to provide access to gold and Bitcoin as alternative assets for customers seeking to diversify beyond dollar holdings.\n<\/p>\n
Cornell said the company was also preparing to expand across Africa, initially focusing on enabling users to convert local currencies into dollars and vice versa, while providing access to payment cards, bank accounts and other financial services.\n<\/p>\n
Read also:\u00a0OneDosh expands into European Union, moves beyond US-Nigeria corridor<\/a>\n<\/p>\n The expansion comes as digital financial platforms increasingly seek to serve individuals and businesses operating across borders, particularly those facing difficulties accessing international banking services.\n<\/p>\n OneDosh says it operates through licensed partners for banking, money transmission and virtual asset services and is not itself a bank. Cornell said the company remained committed to complying with Nigerian laws and maintaining cooperation with relevant regulatory authorities.<\/p>\n For OneDosh, the move into corporate payments represents an attempt to increase transaction volumes and broaden its revenue opportunities beyond retail users. Its ability to deliver on the proposed $1 million conversion capacity, however, will depend on liquidity, competitive pricing and the reliability of its cross-border payment infrastructure.<\/p>\n Royal Ibeh is a senior journalist with years of experience reporting on Nigeria\u2019s technology and health sectors. She currently covers the Technology and Health beats for BusinessDay newspaper, where she writes in-depth stories on digital innovation, telecom infrastructure, healthcare systems, and public health policies.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n Source: <\/p>\n OneDosh, a digital financial services platform, is targeting high-value cross-border transactions of up to $1 million as it prepares to expand beyond individual customers into corporate payments, positioning businesses and… <\/p>\n","protected":false},"author":1,"featured_media":16181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=16180"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/16181"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=16180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=16180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=16180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/OneDosh-targets-1m-transactions-as-it-moves-beyond-retail-users-to-corporate-payments-Businessday-NG-3.jpg\"){kind=spacer}
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