Nigerian bank First Bank has partnered with the WorldRemit digital money transfer service to make it easier for the diaspora to send money directly to their bank accounts.
The goal, she says, is to promote the convenience and ease of banking for its customers, as well as to encourage financial inclusion initiatives. The bank – which has more than 14 million accounts receivable – notes that this partnership is one of many ways used to prioritize customers by leading the industry in using technology to provide “banking solutions safe, practical and fast “.
With this new strategic partnership, WorldRemit is significantly expanding its presence in Nigeria and is expanding its plan to serve 10 million connected customers in emerging markets by 2020.
Among other things, the leader of online money transfer became the exclusive money transfer partner of Lebara in April, and reached an agreement with Wafacash Africa. He has also partnered with Huawei’s mobile money service and integrated with Android Pay.
With a diaspora of more than 15 million people worldwide, remittances represent, for Nigeria, 22 billion dollars in 2017, making it the largest beneficiary in Africa.