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Need to send money to Türkiye or Saudi Arabia? Send TRY or SAR from Grey directly to local bank accounts with simple flat fees.
Maybe you’re visiting family in Türkiye, paying a freelancer you work with, or taking care of an expense while you’re abroad. Maybe you’re heading to Saudi Arabia for Hajj or Umrah and need to sort out accommodation and transport.
Whatever the reason, you can now send money to Türkiye and Saudi Arabia directly from Grey, in Turkish lira (TRY) and Saudi riyal (SAR).
Whether you’re managing work across borders or you simply need to get money to someone in either country, you can now do it from Grey without moving money between multiple services.
If you have someone to pay in Türkiye, you can now send Turkish lira directly to their local bank account from Grey.
You could be visiting for a holiday, supporting family, paying a freelancer or vendor, or handling an expense from abroad. With Grey, you can now send TRY directly to bank accounts across Türkiye. Transfers are supported across operating banks in Türkiye for both personal and business accounts.
The fee is $1.50 + 0.10% per transfer, and you can send between TRY 10 and TRY 200,000 at a time.
Transfers are processed within 24 hours from Monday to Friday, with a 13:00 GMT cut-off time. So, once you have the recipient’s bank details, you can send the money without needing them to sign up for Grey or use a separate wallet.
We’ve added Saudi Arabia too.
You can now send Saudi riyals directly to personal and business bank accounts across operating banks in the country.
This can come in handy in plenty of situations. You might need to send money to someone living in Saudi Arabia, cover part of a family member’s expenses or pay someone you work with there.
Each transfer costs a flat $3.50, with a minimum of SAR 1 and a maximum of SAR 20,000 per transaction.
Transfers are processed within 24 hours from Monday to Friday, with a 10:00 GMT cut-off time.
You don’t need to hold Turkish lira or Saudi riyals in your Grey account before you send money.
If you already have money in a supported Grey balance, you can use it to send TRY or SAR to the recipient.
Simply choose the destination, add the recipient’s bank details and enter how much you want to send. You’ll be able to see the transfer details before confirming.
The person receiving the money doesn’t need a Grey account. The money goes to their local bank account in Türkiye or Saudi Arabia.
So when your money needs to reach someone in Türkiye or Saudi Arabia, you can send it directly from Grey.
Open Grey and send TRY or SAR directly to a bank account today.
Yes. You can send Turkish lira (TRY) directly to personal and business bank accounts in Türkiye.
Grey charges $1.50 + 0.10% per transaction. The 0.10% fee has a minimum of $0.80. You’ll see the fee and exchange rate before you confirm your transfer.
You can send between TRY 10 and TRY 200,000 in a single transaction.
Yes. You can send Saudi riyals (SAR) directly to personal and business bank accounts in Saudi Arabia.
Each transfer to Saudi Arabia costs a flat $3.50.
You can send from SAR 1 up to SAR 20,000 in a single transaction.
Transfers to both countries are processed within 24 hours from Monday to Friday. Cut-off times apply: 13:00 GMT for Türkiye and 10:00 GMT for Saudi Arabia.
No. You send the money directly to their local bank account, so they don’t need to have a Grey account to receive it.

Grey now supports CAD payments. Send Canadian Dollars directly to freelancers, family, and businesses in Canada.
Olayoyin Olorunmota
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March 25, 2026
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6 min read
Everything we do at Grey is aimed at making it easier for you to make global payments.
We’re excited to announce that Grey now supports Canadian dollars (CAD) payments, which means you can send money to Canada directly from your Grey account via Interac e-Transfer.
You can pay freelancers, send money to family, or make cross-border payments to Canadian businesses right from your phone.
Send money to Canada easily
Because we’ve integrated with Interac e-Transfer, you can send money directly to any Canadian bank account. You’ll only pay a flat $3 fee, regardless of how much you’re sending.
Expand your global operations with less friction
CAD joins our growing list of supported currencies, giving you more flexibility when operating across borders.
No additional setup required
It’s the same Grey account you already have. Sending CAD works exactly like sending any other currency through Grey. There’s no confusion about exchange rates and no need for the recipients to sign up for anything.
We’ve kept things simple. Here’s how to send Canadian Dollars using Grey:

2. On the “Send Money” tab, select “Send via Interac”.

3. Select Canada as the destination and choose CAD as the currency.

4. Enter the recipient’s details and confirm the transfer.

At Grey, our mission is to make globalisation work for everyone. Supporting payments in Canadian Dollars takes us closer towards achieving that goal.
We want more freelancers, businesses, and remote workers to operate internationally without friction.
More currencies, more countries, and more ways to manage money across borders, that’s where we’re headed.
Open a free Grey account today, or download the app to get started.

UpGreyed Her 2026 will support women entrepreneurs with equity-free funding. Learn how women founders can apply and scale their businesses.
Priscila Marotti
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March 10, 2026
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6 min read
Women entrepreneurs are building businesses, creating jobs, solving real problems and driving innovation across industries around the world. But access to capital continues to shape how far and how fast many of these businesses can expand.
Today, women still face a $1.9 trillion global financing gap, highlighting the difference between the capital they need to scale their businesses and the funding they are actually able to access.
Following the 2026 International Women’s Day theme, “Give to Gain,” we are bringing back UpGreyedHer for its third edition. We believe that when we give a woman-led business the infrastructure it needs, the entire global economy gains.
UpGreyed Her is an initiative created to provide direct financial support to women entrepreneurs who are building scalable, technology-enabled businesses in emerging markets.
This year, UpGreyed Her will support three outstanding and inspiring women entrepreneurs in emerging markets building tech-enabled startups or businesses across industries such as artificial intelligence, IT, transportation and logistics, agriculture and forestry, education, healthcare, construction, renewable and non-renewable energy, and manufacturing.
The winner will receive $5,000, the second-place winner $3,000, and the third-place winner $2,000 to strengthen and expand their operations.
To ensure a thoughtful and credible selection process, applications will be reviewed by a respected panel of accomplished women leaders with expertise in business, technology, and management.
Each application will be assessed based on innovation, viability, impact, and scalability. The evaluation process is designed to be fair, expert-led, and grounded in real business insight.
We want to support founders who are building sustainable ventures with measurable potential.
For announcements, deadlines, and key updates, follow us on social media at @greyfinance.
We are inviting applications from women who:
If your business is ready for its next phase of growth, this initiative is for you.
Applications aren’t open yet, but before they go live to the public, we’re giving you the chance to join the waitlist early.
This means you’ll:
Join the waitlist today and be ready when applications open.
We can’t wait to see what you’re building.

Grey is live in Morocco. You can now send MAD to Morocco easily with Grey.
Olayoyin Olorunmota
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October 27, 2025
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6 min read
At Grey, we’re always looking for new ways to make global payments faster, smoother and stress-free. And we’ve stayed true to that every step of the way.
That’s why we’re excited to announce that Grey is officially live in Morocco! You can now send Moroccan Dirhams (MAD) to Morocco from your Grey account, anywhere in the world.
Send money back home to friends, family and business associates in Morocco. Just a tap of a few buttons and you’re done. If you’re in Morocco, you can also receive EUR and GBP and convert to MAD.
Send money home easily: You can now send money back to Morocco without worrying about terrible conversions and fees.
Better exchange rates: You can keep more of what you earn with Grey’s competitive conversion rates.
Global reach: Enjoy the freedom to send and manage your money across borders without stress.
Simple, secure payments: There are no complicated setups or risky transfers. Simply enjoy smooth, borderless banking.
Also read: Top digital nomad hotspots in Morocco for remote workers
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We’ve kept things really simple. Here’s how to get started:
Sending money back home to Morocco is as easy as tapping a few buttons. After creating a Grey account, follow these steps:

2. Select Morocco as the destination country and choose MAD as the currency.

3. Fill in the recipient’s details and confirm the transfer.

It’s fast, transparent, and reliable.
Also read: How to receive Amazon payments in Morocco
At Grey, our mission is to make global banking seamless for everyone, and this is another step towards achieving that goal. You can send money to your family in Morocco from abroad and receive foreign currency in Morocco, which you can then easily convert.
Open a free Grey account today or download the app and start receiving global payments instantly in Morocco.

Y Combinator-backed US fintech expands services to India with minutes-fast transfers that bypass traditional banking delays.
Olayoyin Olorunmota
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September 22, 2025
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6 min read
Y Combinator backed startup fintech Grey has expanded its services to India, now offering almost instant rupee payouts to serve Indians earning from international sources—from freelancers and entrepreneurs to students and expats sending money home, receiving support from family and managing cross-border finances.
The product expansion positions Grey, a US-licensed fintech, that serves over 2 million users across 50+ countries, as a major player offering comprehensive global banking services specifically designed for India’s digitally connected workforce, providing instant access to USD, EUR, and GBP accounts alongside local rupee conversions.
India processes over $125 billion in annual remittances, more than any country globally, yet most recipients still wait 3-5 business days and pay 3-7% in hidden fees for international transfers.
“Traditional banks treat international payments like it’s still 1995,” said Idorenyin Obong, Grey’s CEO, who spent time in Bengaluru meeting users “I talked to a freelance designer who was losing ₹15,000 monthly just on conversion fees and delays. That's serious money.”
The timing reflects India's growing global economic integration. The country has the world's largest freelance market with over 15 million freelancers and approximately 3 million remote workers employed by foreign companies. Most still rely on traditional payment methods with multi-day delays, despite having clients primarily based in the US, UK, Australia, Europe, and South America.
Grey's approach differs by providing users with actual US, European, and UK bank account details, allowing international clients to pay as if hiring locally, then instantly converting funds to rupees on the recipient's end.
"We're not just another remittance app," Obong explained. "We're giving Indians the same financial infrastructure that Americans and Europeans have which is instant access to global money."
The launch positions Grey directly against established players in India, a market where cross-border payment companies have struggled with regulatory complexity and local banking partnerships.
Indian users can sign up immediately at grey.co. The service supports payouts from 170+ countries and includes virtual USD debit cards and USDC cryptocurrency deposits and payouts.
Grey is at the forefront of providing secure and convenient global banking solutions to meet the needs of customers and businesses. Grey holds a Money Service Business license from FINTRAC in Canada, and FinCEN in the USA, and our primary focus is emerging markets. Our range of services enables individuals and businesses to easily own and manage multi-currency accounts. This includes currency exchange, sending and receiving payments to and from over 170 countries, as well as access to virtual cards.
For all press-related inquiries, please contact Oyinda via oyinda@grey.co

Nigeria is redefining how digital currencies work in everyday life. Here’s what changing regulations mean for freelancers, entrepreneurs, and the future of payments.
Olayoyin Olorunmota
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August 29, 2025
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6 min read
Nigeria isn’t new to innovation, especially with money.
It is one of the largest adopters of mobile money in Africa and has a huge crypto community. The enthusiasm has always been there, which has greatly aided the broad acceptance of innovation over the years. As crypto use surged, policymakers moved to keep pace, sometimes with strict regulations and other times stepping aside to allow the industry to grow.
Following the regulators’ changing rules, where does that leave businesses, freelancers, and everyday users who actually need to move money? I say, somewhere in the middle of a live experiment. The country is trying to protect its financial system while allowing for new rails like stablecoins, tokenised assets, and CBDCs. The result is a system that changes fast, rewards people who stay informed, and increasingly favours solutions that combine innovation with compliance.
We’ll together, trace how Nigeria got here, how the rules are shifting, and what that means for safely getting paid, paying others, and cryptocurrency startups.
By the late 2010s, crypto adoption was becoming hugely popular. Platforms like Binance, Paxful, and Luno held a huge part of the market share. For young Nigerians, especially freelancers tired of waiting days for foreign payments or watching the naira lose value overnight, digital assets became a faster, more reliable alternative.
By 2021, Nigeria ranked second in the world for crypto adoption. While this might have ordinarily been a good thing, the Central Bank of Nigeria (CBN) was worried about money laundering, tax evasion and threats to monetary stability, so it stepped in hard. It banned banks from facilitating crypto transactions, cutting off many startups and exchanges that relied on traditional financial rails.
Yet, even as the crackdown unfolded, Nigeria pushed forward with its own state-backed experiment. In October 2021, the country launched the eNaira. It was Africa’s first central bank digital currency (CBDC). The goal was to offer a safe, regulated digital alternative that could promote financial inclusion and modernise payments. While uptake has been very slow, it showed that Nigeria wasn’t against digital money. It seemed more like the government wanted to be in total control.
I like to describe Nigeria’s digital currency journey as a tussle between innovation and control. On one side, you have a young, tech-savvy population eager to embrace decentralised finance. On the other hand, cautious regulators are trying to manage risks in an already fragile economy. The result is a constant push and pull that has shaped how Nigerians use digital money today.
This back-and-forth has created uncertainty for businesses and individuals. However, it has also forced Nigerians to turn to stablecoins, fintech workarounds, and alternative platforms to keep the digital economy alive despite regulatory hurdles.
Also read: Comparing USDC vs SWIFT transfers: What you need to know
By late 2023, it became clear that Nigeria’s hardline stance on crypto wasn’t sustainable. Despite restrictions, trading volumes kept rising, peer-to-peer platforms flourished, and freelancers still turned to stablecoins to get paid. The government had to face reality as a complete clampdown wasn’t working.
The tone began to shift. The Securities and Exchange Commission (SEC) announced it was exploring licensing frameworks for exchanges and fintechs. This signalled a new willingness to move away from blanket bans toward structured regulation. Instead of shutting the door completely, regulators defined how players could legally operate in the space.
At the same time, the Central Bank of Nigeria (CBN) started refining its digital currency policies, aiming to build a more inclusive and controlled financial ecosystem. Some of the key areas of focus included:
This doesn’t mean Nigeria has fully embraced digital currencies. Instead, it shows a shift in mindset, from outright resistance to cautious acceptance. Regulators are no longer trying to fight innovation head-on but are instead putting guardrails around it. The aim is to ensure that growth happens within a controlled, secure framework.
For everyday Nigerians, this new phase could mean more reliable payment options, less reliance on risky peer-to-peer trading, and greater confidence that trading digital assets doesn’t leave them operating in a legal grey area.
Also read: How to accept payments in USDC as a digital nomad
For many Nigerians, especially freelancers, digital currencies have been essential. When international clients struggled to pay via traditional banking routes, receiving USDT, Bitcoin, or other tokens often became the only practical option. Peer-to-peer (P2P) markets filled the gap, creating a parallel economy where freelancers could swap digital assets for naira. This method, however, left users vulnerable to price volatility, scams, and compliance risks.
Businesses haven’t had it any easier. Startups and SMEs wanting to tap into global markets found themselves in a no-man’s land. Holding or accepting crypto was risky, and many were forced to improvise. Some leaned on stablecoins to shield themselves from naira swings, while others turned to fintech platforms offering USD accounts as safer, more reliable workarounds.
This is why Nigeria’s stance matters. With more straightforward rules and proper standards, freelancers and businesses stand to gain a lot.
In short, what’s at stake is financial confidence. For freelancers, that means getting paid without fear of losing value or falling victim to fraud. For businesses, it means expanding globally with fewer compliance headaches and more predictable cash flow.
Nigeria is in an interesting place right now. The crypto community is creative, resilient, deeply embedded in the country’s digital economy and shows no signs of slowing down. At the same time, regulators are beginning to acknowledge that outright bans haven’t worked, and that structured, transparent systems are the only sustainable path forward. The result is a future that’s likely to blend innovation with oversight.
Here’s what to expect:
This balancing act between innovation and regulation could position Nigeria as a regional leader in digital finance. This change won’t happen by rejecting crypto, but by integrating it into a safer, more inclusive financial ecosystem.
Also read: Bank transfers vs. crypto transfers: which is safer for international payments?
The key takeaway for freelancers, entrepreneurs, and businesses is adaptability. Payment systems will keep evolving through CBDCs like the eNaira, globally trusted stablecoins, or flexible multi-currency accounts. Those who stay open, informed, and ready to pivot will be best placed to thrive in this shifting landscape.
At its core, the future of money in Nigeria is one where trust, accessibility, and opportunity are the major guiding principles.
These principles also guide us at Grey. That’s why we’re giving you access to borderless accounts and payment tools designed to help you confidently navigate your finances. Create your free Grey account today or download the app to experience a smarter way to move money.

Find out the trends and numbers to look out for that concern global remote work.
Olayoyin Olorunmota
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July 29, 2025
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6 min read
Remote work initially gained traction as a pandemic-era experiment that stuck around. It’s now a full-blown global shift, reshaping how we think about work, income, and geography. Multinational companies are going fully remote, and governments are introducing digital nomad visas. The data tells a compelling story: the world of work has changed, and it’s not going back.
In this article, I’ll discuss the key stats and trends shaping remote work’s future across borders. If you’re a freelancer, remote employee, or global business owner, these numbers matter because they affect how you live, earn, save, and spend.
Also read: 10 fun remote jobs that pay surprisingly well (and how to get them!)
Before 2020, remote work was considered a fringe benefit. Now that has changed.
98% of people want to work remotely at least some of the time for the rest of their careers. Companies that resist this shift are only losing talent and largely falling behind.
Countries like the US, UK, Germany, and India are leading in remote job availability. But the rise is just as visible in countries like Nigeria, Brazil, Kenya, and the Philippines, thanks to better internet access and digital platforms.
The freelance economy is thriving. Platforms like Upwork, Fiverr, and Toptal have seen exponential growth in users, with Upwork alone recording over $4.1 billion in freelance billings in 2023.
More importantly, freelancers from emerging economies are tapping into global income streams. India, Pakistan, Bangladesh, Nigeria, and Brazil are among the top 10 fastest-growing freelancer markets globally, with tech, design, writing, and customer support being in-demand niches.
This cross-border freelance movement has also highlighted a pain point: getting paid across currencies without losing income to fees and bad exchange rates.
Working while travelling is now a lifestyle backed by government policy. More than 50 countries now offer digital nomad visas, including Portugal, Spain, and Indonesia. These visas allow remote workers to live legally abroad while earning from foreign clients or employers.
For global professionals looking to combine travel with a steady income, these programs offer legal clarity and lifestyle flexibility.
Also read: Beginner-friendly remote data entry jobs you can do from anywhere
As remote workers earn globally, cross-border payments are no longer optional. Yet, traditional banking systems haven’t caught up. Many workers face:
This is why digital financial platforms like Grey have become essential. With Grey, freelancers and remote workers can open international accounts (USD, EUR, GBP) from their home country, receive global payments, convert at competitive rates, and withdraw in their local currency.
Another big trend? Companies adjust salaries based on geography, but not always in the way you think.
Some are adopting a location-based pay model, offering adjusted rates depending on where you live. Others, especially startups and remote-first companies, offer location-agnostic salaries to attract the best global talent.
Either way, remote workers are in a better negotiating position than ever before and that’s reflected in the data. The average remote salaries in countries like Brazil, Kenya, and the Philippines have risen by 18% since 2022.
Also read: High-paying remote jobs you can land without experience
The remote economy is here to stay and it’s growing fast. The opportunities are global, but so are the challenges, especially when it comes to getting paid, saving across currencies, and navigating life abroad.
With the right tools, you can ride the wave of remote work without worrying about financial friction.Create your Grey account today or download the app to enjoy inclusive global banking designed to carry your dreams across borders.

Send USD to over 170 countries with Grey easily. Enjoy fast, low-cost international transfers with no hidden fees or delays. Get started today!
Toluwani Omotesho
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May 14, 2025
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6 min read
At Grey, we’re always looking for ways to make global payments smoother, faster, and stress-free. We started by making it easy for you to receive USD, and now, we’re taking things a step further: You can now send USD to over 170 countries directly from your Grey account!
Also read: How non-US citizens can open a US bank account online
We know how important it is to have complete control over your money, whether supporting your family, paying international freelancers, buying products from overseas suppliers, or investing in global opportunities. However, traditional international transfers often come with high fees, frustrating delays, and complicated processes. We’re changing that.
Now, with Grey, sending USD globally is as easy as a few taps — no ridiculous fees, no frustrating delays or complex banking processes, just simple, borderless payments the way they should be.
This isn’t about adding another feature; it's one more way we’re making international payments easier and giving you the financial freedom you deserve.
Create a free account today to send USD easily and experience borderless payments with Grey!
Also read: How to send and receive USDC directly in your USD account

Get paid in USDC without delays! Convert USDC to USD instantly and withdraw to your US bank account with Grey. No hidden fees, just seamless transactions.
Toluwani Omotesho
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March 11, 2025
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6 min read
Stablecoins are becoming a popular payment option for freelancers, digital nomads, and remote workers. With low volatility, fast transactions, and global reach, they make it easy to receive payments without location restrictions. Still, transactions using stablecoins have downsides, as they often involve multiple steps, unnecessarily complicated transactions, and additional fees.
However, we at Grey always look for ways to make global banking better for people like you who work and live across borders. Today, we’re excited to announce that you can now receive USDC payments directly into your US bank account!
Also read: Send instant USDC payouts to 70+ countries with Grey!
We’ve simplified the process so there are no extra steps, complicated exchanges, or third-party conversions, just a seamless way to receive payments! Here’s how it works:
Also read: How non-US citizens can open a US bank account online
At Grey, our goal is simple: to make global banking seamless for everyone, no matter where you are. We believe international payments should be effortless, and this new feature is another step toward making cross-border transactions smoother and more accessible for you.
Open a free account today and start receiving USDC payments effortlessly with Grey.

Grey is empowering African women entrepreneurs this International Women’s Day with the UpGrey’ed Her grant. Apply now for a chance to receive up to $4,000 to grow your business.
Toluwani Omotesho
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March 8, 2025
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6 min read
The number of women entrepreneurs and women-led businesses grows yearly, proving that women are shaping industries and driving economic growth worldwide. However, access to funding is still a major challenge, with the global financing gap for women entrepreneurs estimated to be about $1.7 trillion.
This is why UpGreyed Her exists — to support women entrepreneurs with equity-free funding to help scale your business! 🚀
UpGreyed Her, launched in 2024, is our annual International Women’s Day initiative designed to provide tangible support for women entrepreneurs’ businesses.
Beyond the panels, webinars and conversations, we’re taking action by providing equity-free funding to give them the necessary capital to expand and scale their businesses.
We’re awarding four outstanding women entrepreneurs in manufacturing and production, construction, textiles, hospitality, agriculture, transportation, logistics or tech-enabled sectors like AgricTech, AI-enabled businesses, ClimateTech, EdTech, FemTech, and HealthTech. The first-place winner will receive $4,000, the first and second runners-up will get $2,000 each, and the third runner-up will receive $1,500. We're assembling a panel of distinguished female judges and business, technology, and management experts will carefully select the winners. Keep an eye out on our social media (@greyfinance) for more updates.
To be eligible for participation, you must meet the following criteria:
To participate, fill out this form with accurate information. The application window opens Saturday, March 8th, 2025, and closes Tuesday, April 8th, 2025.
Please note that you must submit your application on or before 9 a.m. (Pacific Time), as applications received after this deadline will not be acknowledged.
To ensure you don’t miss any updates, follow us on Instagram, Twitter, LinkedIn, and Facebook, and sign up for our newsletter.
We wish you all the best with your applications!
P.S. Terms and Conditions apply*

Get 20% off online degrees & courses with the Grey x Nexford Scholarship! Pursue your career goals with flexible programs. Learn anywhere, anytime. Apply Now
Ama Udofa
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September 25, 2024
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6 min read
At Grey, we genuinely care about your journey to success, and we're excited to share some great news. We’ve teamed up with Nexford University, an accredited American school that offers 100% online world-class education. Together, we’re making it easier and more affordable for you to reach your professional goals.
Whether you want to get a Bachelor’s or Master’s degree, or take a short skill-based course, you can now get 20% off your tuition fees when you pay with Grey.
What are the eligibility requirements?
Grey x Nexford University scholarship is more than just a discount — it’s an opportunity for you to achieve your educational and career dreams. Take the first step toward your future with us. Apply now to start your journey today!
