My Paaro

Currency Exchange App.

The MyPaaro platform is designed to match customers seeking to sell or buy foreign currency in selected high income countries to those looking to but or sell foreign currencies in low income countries.

Essentially, the MyPaaro platform will be capable of connecting customers looking to buy GBP in Nigeria with those looking to buy Naira in the United Kingdom.

Additionally, FX rates will be determined solely by demand and supply forces with no hidden costs, thus ensuring a transparent price discovery process.

Settlements on each side of the transaction are made locally in each Country. A variable fee of within 0.2% to 2 % is charged per transaction on each side.

By connecting both sides of the exchange, MyPaaro will essentially cut out the spread banks and brokers typically make on such transactions, thus passing these as cost savings to the customers.