Cross-Border Payments — Regulatory Framework
Regulatory structure, corridor rules, and AML/CTF compliance for international transfers
Active Corridors
3
Phase 1 corridors live
Future Corridors
5
Phase 5 expansion
AML Controls Active
4
Of 6 total controls
Daily Limit (Phase 1)
$500
Per user per corridor
Cross-Border Payment Flow
Visual representation of a Ghana → Nigeria cross-border payment showing licence coverage at each step
Customer Initiates Transfer
ElroiPay Routing Engine
FX Conversion
Recipient Receives Funds
Recipient: Nigeria — NGN wallet credited
Backend Settlement
Regulatory Compliance Note
Each step in the cross-border flow is covered by the relevant regulatory licence in both the sending and receiving jurisdiction. ElroiPay operates under partner PSP licences in Phase 1, with own-licence applications running in parallel. FX conversion is handled by licensed FX providers with pre-agreed rates and daily settlement. Fund segregation is maintained throughout the entire flow.
Cross-Border Corridor Rules
Regulatory framework and limits for each payment corridor
| Corridor | Regulatory Framework | Licence Required | FX Model | Transfer Limit | Status |
|---|---|---|---|---|---|
Ghana → NigeriaDEMO | BoG + CBN bilateral rules | Partner PSPs both sides | FX provider | $500/day Phase 1 | Demo |
Ghana → South AfricaDEMO | BoG + SARB | Partner PSPs both sides | FX provider | $500/day Phase 1 | Demo |
Nigeria → GhanaDEMO | CBN + BoG | Partner PSPs both sides | FX provider | $500/day Phase 1 | Demo |
South Africa → Ghana | SARB + BoG | Partner PSPs both sides | FX provider | $500/day Phase 1 | Future |
Uganda → Ghana | BOU + BoG | Partner PSPs both sides | FX provider | $500/day Phase 1 | Future |
Ghana → Uganda | BoG + BOU | Partner PSPs both sides | FX provider | $500/day Phase 1 | Future |
Nigeria → South Africa | CBN + SARB | Partner PSPs both sides | FX provider | $500/day Phase 1 | Future |
South Africa → Nigeria | SARB + CBN | Partner PSPs both sides | FX provider | $500/day Phase 1 | Future |
AML / CTF Compliance Framework
Anti-Money Laundering and Counter-Terrorism Financing controls
Framework Compliance Summary
AuraTap's AML/CTF framework is designed to meet the requirements of all operating jurisdictions. The framework is continuously updated as new markets are added and regulations evolve. All compliance controls are auditable and produce immutable logs for regulatory inspection.