Cedis in, naira out: how a Ghanaian wellness brand pays its Nigerian suppliers
A health and wellness brand in Ghana
- One provider, end to end
- GHS → NGN
- Nigerian suppliers paid each month
- 3
- Payments could wait on an agent
- 2–3 days
Background
The company is a health and wellness brand based in Ghana. It earns in cedis, works with suppliers in Nigeria, and pays around three of them each month.
Before Gyvar, the company paid its suppliers through P2P or local agents. It handed an agent cedis, and the agent arranged for naira to reach the supplier’s bank account.
The funds were available. The challenge was finding an agent who could take the cedis and pay out the naira at the exact moment an order needed to be paid.
The challenge
Every payment depended on finding an agent
Each supplier payment relied on finding an agent who could take cedis and arrange the naira payout. Until one was available, the payment could not go out.
Liquidity was not always available
Even when an agent was available, they did not always have enough naira for the amount required. That could hold a payment up for 2–3 days while the team searched for another agent or waited for liquidity to become available.
Some orders could not wait
Certain supplier orders had to be confirmed and paid within a short window. If the right agent was not available at the time, the order could be delayed.
What they use Gyvar for
Cedis to USDT through the OTC desk
The company requests a quote from Gyvar’s OTC desk for the cedi amount it wants to convert. Once the trade is agreed and funded in cedis, the company receives USDT in its Gyvar balance.
Naira directly into the supplier’s bank account
When a supplier payment is due, the company pays from its USDT balance. The supplier receives naira directly into their Nigerian bank account. They do not need a Gyvar account, a crypto wallet, or any knowledge of stablecoins to receive the payment.
One provider across the full route
The company can fund in cedis, receive USDT, and pay Nigerian suppliers through the same Gyvar relationship. The applicable rate and fee are shown before each transaction is confirmed.
How it works
- 1The team requests an OTC quote for the cedi amount it wants to convert.
- 2It funds the trade in cedis and receives USDT in its Gyvar balance.
- 3When an order is due, it enters the supplier’s Nigerian bank details and payment amount.
- 4Gyvar shows the rate, fee, and expected NGN amount.
- 5The team confirms the payment.
- 6The supplier receives naira directly into their bank account.
Results
- The company no longer needs to find an agent before each supplier payment.
- Short-notice supplier orders can be paid when the business is ready to place them.
- Gyvar covers the route from cedi funding through to naira settlement.
- Suppliers receive naira directly into the bank accounts they already use.
- The business has a more consistent process for recurring supplier payments between Ghana and Nigeria.
Tell us who you need to pay.
We will tell you which routes work today and what it costs.