Question 1

What is the best alternative to Cedar Money in Nigeria?

Accepted Answer

For Nigeria-based businesses paying overseas suppliers, Zilla is a strong Cedar Money alternative because it focuses on cross-border wire payments to international suppliers in 100+ countries with tracking and no processing fees. If you want wider currency coverage in a similar supplier-payments flow, Plumter supports paying international suppliers in 120+ currencies across 100+ countries.

Question 2

What can I use instead of Cedar Money for pan-African payouts?

Accepted Answer

If you need broad, multi-market coverage, Chimoney is a practical alternative because it offers global payouts across 130+ countries. For treasury-style cross-border payments across African markets, Multigate is another option positioned around automated multi-currency treasury and payments.

Question 3

Which Cedar Money competitor is closest for paying international suppliers by wire?

Accepted Answer

If your workflow is mostly supplier wire transfers, Zillawire is one of the closest Cedar Money competitors, it supports paying overseas suppliers in 100+ countries with 100+ currencies and real-time FX rates. In Nigeria, Zilla is also built for paying international suppliers, with a similar web-first approach.

Question 4

Is Cedar Money available in Kenya, and what are the alternatives if I need broader coverage?

Accepted Answer

Cedar Money states it operates in Kenya, but if you need a more pan-African footprint, Lync and Multigate are positioned as Pan-African platforms. Lync is built around sending USD, EUR, and GBP payments to 100+ countries, which can matter if your suppliers invoice in those currencies.

Question 5

Is Cedar Money safe and licensed, and are alternatives regulated?

Accepted Answer

Cedar Money states it is registered as an MSB with FinCEN (Registration No. 31000310586703) and FINTRAC (Registration No. C100000878). If you are comparing competitors, shortlist options that clearly state where they operate and how they handle compliance, for example Zynta highlights fast KYC for institutional crypto and fiat workflows, while Multigate positions itself for SMEs, corporates, and regulated financial firms.

Question 6

What does Cedar Money cost compared with alternatives?

Accepted Answer

Cedar Money states the platform has no subscription or set-up fees, and that transaction costs are reflected in FX. If you want a provider that explicitly markets “no processing fees” for international supplier payments, Zilla makes that a core part of its positioning. Always compare the effective FX rate and any transfer charges on your exact corridors before switching.

Question 7

Do any Cedar Money alternatives offer an API for cross-border payments?

Accepted Answer

Yes, several Cedar Money alternatives are built to integrate into your product or finance stack, including Lync, which supports cross-border payments via web and API. If your use case includes policy controls and identity layers alongside payouts, Chimoney also positions itself as infrastructure for businesses and developers.

Question 8

How do I switch from Cedar Money to a competitor without disrupting payments?

Accepted Answer

Start by running a small parallel batch with a Cedar Money competitor like Plumter or Zillawire, since both emphasise supplier payments with tracking across 100+ countries. Confirm your main currencies, beneficiary requirements, and payout timelines before moving higher volumes, then update your finance SOPs and vendor instructions once the corridor is stable.

Top 141 Best Cedar Money Alternatives & Competitors (2026)

Alternatives to Cedar Money

Zillawire

Lync

Multigate

Plumter

ParkPay

BridgePay

Midddleman

Naira4yuan

Kyshi

OneKard

Cellulant

Passpoint

ZuniQ

Zynta

Centiiv

Conduit

Verto

AZA Finance

dLocal

HoneyCoin

Kora

PCXPAY

CrissCross

Yellow Card

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