First Bank
First Bank of Nigeria Limited (FBN) is in partnership with a digital money transfer service firm, WorldRemit, which permits migrants overseas transfer money on to First Bank accounts in Nigeria.
The pact is poised to drive comfort and ease of banking for its prospects in addition to present the much-needed push for monetary inclusion initiatives.
The new strategic partnership significantly expands WorldRemit’s footprint within the nation and permits its prospects in over 50 nations to ship money to First Bank accounts straight from their telephones.
The deal helps WorldRemit’s plan to serve 10 million prospects linked to rising markets by 2020.
Speaking at a press convention to announce the partnership in Lagos, the Deputy Managing Director, FirstBank, Gbenga Shobo, mentioned the lender has prolonged its frontiers to WorldRemit with a purpose to leverage the huge e-platform capabilities it gives to additional ease the money transfer course of for our quite a few prospects throughout the globe, who search new and simpler cost transaction choices repeatedly.
Shobo famous that WorldRemit’s mobile-first, digital mannequin enhances the monetary establishment’s digital technique to drive handy banking transactions from the consolation of properties and workplaces utilizing the FirstCellular and FirstOn-line banking platforms.
“We are excited at this partnership. Our brand promise is to always deliver the ultimate ‘gold standard’ of value and excellence; and this collaboration with WorldRemit is one of the many ways we provide value to our customers as we continue to devise innovative ways to provide convenience and ease of banking for them,” he mentioned.
He urged prospects to make the most of the chance leveraging on the disruption of expertise.
The Regional Head, Middle East and Africa, WorldRemit, Andrew Stewart, expressed enjoyment of partnering with the bank stating that the agency is the primary cell remittance group, which permits shoppers overseas to ship money dwelling so simple as sending an Short Message Service (SMS).
Explaining the method, Stewart mentioned: “It’s all about having an software, you enroll as a customer with private data and demography.
To fund the transaction, we don't take money, we don’t have an agent community, within the 52 nations that we presently function and we're licensed.”
“What now we have achieved credibly nicely, now we have digitized the method. To make a transaction, you both use a credit score or debit card otherwise you do a bank transfer to the WorldRemit account in that nation.
“For occasion, in case you are loading from UK, you possibly can ship out of your Barclay’s account to your WorldRemit account, as quickly because it drops in our account, we launch the funds to banks who're our companions.
“One factor we're proud to announce is what we consider is critical; We are exploring an intra Africa or out of Africa alternatives.
Families sending children overseas to check, who must get money to the youngsters, that's what we want to discover by means of 13 African nations and we going to look into exploring the chance in Nigeria.”