VERSEONE KICKS OFF NAIRA PAYMENTS, PUTTING POWER BACK IN THE HANDS OF NIGERIAN ARTISTS

VerseOne Enables Naira Transactions, Empowering Nigerian Artists with Local Payments and Royalties.

African music Nigeria artist Verseone distribution Naira transaction platforms Music royalties.
VerseOne Distribution
VerseOne Distribution


In a game-changing move for the African music ecosystem, VerseOne Distribution has officially launched Naira transactions on its platform, allowing artists, labels, and companies in Nigeria to receive music royalties and pay for services in local currency.

This bold step removes one of the major financial roadblocks Nigerian creatives have long faced: international transfer delays, high transaction fees, and currency conversion losses. With immediate effect, Nigerian artists and clients can now withdraw royalties directly to local bank accounts and pay for services like promotional campaigns or add-ons using their Naira Visa or MasterCard.

Notably, this shift will significantly benefit users of VerseOne Pro, the company’s B2B white-label software that lets music companies launch their own branded distribution platforms. These businesses can now build and scale their offerings without navigating foreign exchange issues or international banking complexities.

“This is more than just a payment update,” said a company spokesperson. “It’s about enabling African artists and entrepreneurs to access digital distribution on their terms, starting with Naira.”

The rollout is part of VerseOne’s broader mission to localize operations and enhance inclusivity across Africa’s fast-growing music industry. In the coming weeks, the platform will extend support to other major currencies on the continent, including the Ghanaian Cedi (GHS), Kenyan Shilling (KES), and South African Rand (ZAR).

With this development, VerseOne is reinforcing its role not just as a distributor but as a partner in Africa’s creative future, providing tools that allow artists and labels to go global while staying grounded in local realities.

Comments

You must be logged in to comment.