What is Juicyway and How Does It Work?

Sending money across borders in Africa can feel like running a marathon in flip-flops. The problem? No organised system to match foreign currency supply and demand in real time. Unlike the smooth foreign exchange markets in developed economies, Africa’s payment systems have high fees, frustrating delays, and limited access. Juicyway aims to address these pain points so that African people and businesses can connect with the global economy. In this article, we’ll walk you through how Juicyway works, spotlight its features, and break down the benefits that make it a game-changer.

What is Juicyway?

Juicyway is a technology-first platform that makes global payments simple and secure for businesses and individuals. Founded in 2021, it provides fast, easy, low-cost, secure financial services and the tools to confidently navigate the global economy. The platform aims to give Africans equal access to global markets by providing affordable and efficient payment solutions that allow you to make and receive international payments seamlessly and manage multi-currency accounts while prioritising your security. In addition, the brand strives to foster technological change across the region and serve as a bridge to connect businesses and people worldwide, creating global access and opportunities for Africans.

Core Features of Juicyway

The Juicyway platform promotes convenience while ensuring you get the best deals on your transactions. The platform is built to stand out from traditional systems and creates a financial ecosystem that benefits both businesses and individuals. Some of the core features of Juicyway include:

Multi-currency account

Juicyway provides dedicated naira (NGN) and foreign currency accounts to handle local and international transactions. Users can send and receive money directly into their local and foreign accounts. With your local account, you can also make and receive payments locally, with the option to convert and make international payments. Your foreign account allows you to pay, receive, and convert in foreign currencies efficiently. In addition, businesses get access to an efficient system for managing multi-currency transactions.

Instant Currency Conversions

Juicyway provides a unified solution for collecting payments in fiat and cryptocurrency. On the Juicyway platform, you can instantly convert between fiat currencies (NGN, USD, CAD, GBP, EUR), stable coins (USDC, USDT), and some cryptocurrencies. The conversion uses real-time rates on the platform to ensure transparency and control. You can also buy and sell digital assets, including Ethereum, Bitcoin, and stablecoins.

Cross Currency Payouts

Juicyway enables payouts in different currencies. This means you can initiate a payout in one currency, and the other person will receive it in another currency. The cross-currency feature is at the core of the Juicyway business model. It highlights the brand’s vision of connecting Africa with the global economy.

Open Exchange Order Book

Juicyway allows you to set your preferred rates for trades on an open order book. You can also create Limit Orders at your preferred rate or use Market Orders at the existing rate. With this feature, you have complete control over your transactions on the Juicyway platform.

Payment Links for Businesses

If your business transacts on Juicyway, you can generate payment links to receive payments from your partners and clients worldwide. The payments received from this link go directly into your business’s Juicyway account. You can customise your payment link and share it via email, chat, or your company’s website.

Secure and Compliant Onboarding

Juicyway ensures a smooth and secure onboarding process for both businesses and individuals. Here’s an overview of the onboarding process:

For individuals: Individuals complete their onboarding process via the Juicyway app. The process typically requires you to submit a valid ID and proof of address.

For Businesses: Onboarding your business on the Juicyway platform requires you to submit documents such as a Certificate of Incorporation, a shareholder registry, and proof of address.

Recurring Transactions

Juicyway allows you to set up recurring transactions for regular payments. You can schedule payments for specific intervals. For example, you can schedule weekly or monthly payments depending on your needs. This feature helps you automate regular transactions and minimises the risk of missed payments.

Juicyway Benefits

The Juicyway platform has something for everybody, whether you are an entrepreneur, an international student, or sending money to your family and friends. Some of the benefits Juicyway offers individuals and businesses include:

For individuals

Some of the benefits individuals enjoy include:

Financial Freedom

Juicyway gives you the freedom to manage your finances and transact however you choose. With the multi-currency account feature, you can operate with naira or any currency for your convenience. Also, you are not limited to fiat currencies, as the platform allows you to transact using stablecoins and cryptocurrency. In addition, Juicyway helps you interact with the world by allowing you to make cross-currency payments without converting your money to the currency you want to use for transactions.

Convenience

Juicyway is designed to promote your comfort and convenience. The user-centric features ensure that every process on the platform is hassle-free. You also enjoy fast, seamless transactions and access to multi-currency accounts. In addition, the Juicyway website and mobile app have user-friendly interfaces that make them easy to use.

Savings

Juicyway is optimised to help you save on costs for almost every transaction. The platform offers reduced transaction fees and ZERO charges on transactions between Juicyway accounts. You can also save money by maximising exchange rates and choosing your desired rates. In addition, there are no hidden costs on the platform, and customers receive a detailed breakdown of fees before making a transaction.

For Businesses

Some of the benefits for businesses are:

Global Reach

Juicyway benefits businesses that serve international customers or want to expand their operations internationally. The platform seamlessly facilitates international payments and makes it easier for international partners or clients to interact with your business. In addition, it allows your business to interact with clients who want to trade in cryptocurrency, further increasing your reach in the global market.

Efficiency

Juicyway gives you an efficient means to handle your company’s finances by organising all your finances on a single platform. This is particularly helpful for businesses that operate with multiple currencies. You can also use your customisable links to streamline payment collection from multiple clients across different countries.

Control

The platform gives you complete control of your finances and lets you choose how to conduct your business. For instance, the open exchange order feature allows you to trade at your desired exchange rate. Thus, you can conduct your business whenever you want without worrying about the market rate, which helps you make better business decisions.

Financial Management

Using the platform's extensive tracking and reporting tools, you can use your business account to learn about your company’s spending habits. These tools help you track expenses by category, department, or project. You can also set and manage budgets for different departments and projects.

How does Juicyway work?

You can perform different transactions with your Juicyway account on the mobile app or website. Here’s a step-by-step guide on how to perform different transactions on Juicyway:

Deposit Money

To deposit money in your Juicyway account, you can do the following:

• Click on “Deposit” on your dashboard.
• Select the currency you want to deposit by clicking on the Nigerian flag on the top-right corner.
• Enter the amount you want to deposit.
• Choose your preferred payment method.
• Click on “Proceed” to complete your deposit.

Send Money

Follow these steps to send money to others via the Juicyway platform:

• Click “Send” on the mobile app or “Transfer” on the website.
• Select the currency you want to send by clicking the Nigerian flag in the top-right corner.
• Enter the amount you want to send.
• Select the currency the other person wants to receive the money.
• Click “Add beneficiary” to input the receiver details or choose a saved beneficiary.
• Click on “Proceed” to complete your transfer.

Convert Money

Here are the steps to convert from one currency to another on Juicyway:

• Click on “Convert” on the dashboard.
• Select the currency you want to convert from by clicking on the Nigerian flag on the top-right corner.
• Enter the amount you want to convert.
• Select the currency to which you want to convert the money.
• Click on “Preview Conversion.”

FAQs

How do I open a Juicyway Account?

You can open a Juicyway account by registering on the website or downloading the mobile app from the iOS App Store or Play Store for Android devices. Then, choose the type of account you want and provide the necessary details. After providing your details, complete your onboarding and start exploring the app.

How long does it take to receive money from Juicyway?

There is little to no waiting time when sending or receiving money on Juicyway. Transactions happen in real-time, and users complete their business immediately.

What is Juicyway used for?

You can use Juicyway to send, receive, and manage money globally. We handle both fiat currencies like the Nigerian Naira (NGN), US Dollar (USD), and Canadian Dollar (CAD), as well as cryptocurrency transactions.

Can I receive money with Juicyway?

Juicyway allows businesses and individuals to receive money from individuals within and outside the country. The platform allows users to receive money in different currencies and cryptocurrencies.