Fidelity bank banner Bayelsa State banner
UBA and MoneyGram launch New Outbound Money Transfer Service in Nigeria

By News Express on 13/10/2014

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 3,111


Nigeria’s money transfer business landscape entered a new phase today as Africa’s global bank, the United Bank for Africa (UBA) Plc, and global Money Transfer giant, MoneyGram, launched   outbound money transfers in Nigeria.

The new service allows Nigerians to send money abroad through any UBA branch in Nigeria or Africa while the funds are received in dollar or the currency of the receiving country.

With this service, Nigerians can now send money to countries like UK and USA from Nigeria. While the Nigerian sends money in naira, the person receiving in UK or USA will receive it in pounds or dollars. The outbound money transfer service allows Nigerians to send money in naira to over 200 countries around the world by simply working into any UBA branch in Nigeria or in the 18 other African countries where UBA has operations outside Nigeria or through any other MoneyGram Agent Bank.

The launch event which held at UBA’s head office in Marina, Lagos, was hosted by UBA’s GMD/CEO, Phillips Oduoza, who had a live demonstration of how the service will work by sending money from Nigeria to Ghana. He sent naira, which was received in real time in Ghana cedis by the CEO of UBA Ghana. The transaction was witnessed by the media and other assembled guests both in Ghana and Nigeria via video link.

Speaking during the event, Oduoza said the new UBA and MoneyGram outbound money transfer service will boost trade and business between African countries as many Nigerians who do business across Africa, no longer have to move around with cash as they can easily transfer money to their business partners in other African countries or in China, Europe and America to pay for goods and services bought.

He described the new money transfer service which has been tagged ‘Naija Sends’ as yet another testimony to the innovative, customer-centric disposition of both UBA and MoneyGram.

“This service opens a new vista of opportunity for Nigerians to easily trade with other Africans and also trade with other parts of the world. It also offers a great platform to send money to loved ones abroad. As Africa’s global bank, we are proud to partner with MoneyGram to make this service available. It opens a whole new world of opportunities for our customers,” Oduoza said.

On her part, Regional Manager, Anglophone West Africa, MoneyGram, Mrs. Kemi Okusanya, said the launch of ‘Naija Sends’ has further deepened the brand’s reach and service in Nigeria.

“Over the last two decades MoneyGram has facilitated over 15 million transactions in Nigeria, enabling safe, convenient and reliable transfer of funds from the Nigeria Diaspora to their loved ones. As Africa’s largest economy, with over 10 million migrants, we are glad we are now able to also offer Nigerians the opportunity to send money abroad to their loved ones and for business transactions,” Mrs. Okusanya said.

“MoneyGram with over 300,000 locations in over 200 countries, partnering with UBA with over 700 business offices in 19 African countries and offices in New York, London and Paris, offers the best choice for Nigerian’s sending money abroad to loved ones,” Mrs. Okusanya stated.

MoneyGram started operation in Nigeria 16 years ago with UBA as its first Agent Bank partner. Today, the MoneyGram network includes 13 Agent Bank partners operating through nearly 5,000 locations.

•Photo shows UBA’s GMD/CEO, Phillips Oduoza.

Source News Express

Posted 13/10/2014 7:26:36 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Saraki lists 5 major ways NASS can help...

Infinity Security denies link with reckless police shooting...

Oyo guber: Defeat will make us stronger, says...

China hits back with tariffs on US imports...

FG to inject N500bn into mortgage bank to...

Shakeup in NAF: 52 senior officers redeployed

Ikpeazu launches ‘One Ward One Project’ initiative

Man jailed over certificate forgery

Boko Haram launches attacks near Chief of Army...

AMAECHI BUYS 4 AIRCRAFT for 2015 campaigns —Report...

Under-17 World Cup: Eaglets desperate for success, says...

Fresh hope for SMEs as Development Bank takes...

 

Latest News Afenifere, Ohanaeze, Northern Elders, others meet over state of nation IPOB calls for boycott of 2019 election •Condemns vote buying in Ekiti gov election How we stopped Niger Delta militancy, IPOB plot – Osinbajo Saraki, Ortom, Tambuwal, Ahmed meet with PDP leaders 30 killed, 7 missing in fresh Zamfara attacks Abia signs MoU with 2 firms for construction of ‘Enyimba Economic City’ Reps direct Agip to suspend surveillance contract of Darlong Security, others Police inspector dismissed, docked for divulging official secrets Senate summons petroleum minister over "irregularities" in agencies EFCC arraigns 2 for illegal oil deal APC postpones governorship primaries in Osun Lagosians groan as trucks block entire stretch of Apapa-Oshodi expressway

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (362,372 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (358,586 views) Shameless Genevieve Nnaji exposes breasts in public (286,993 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,459 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (214,726 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,649 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,658 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,584 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,360 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (152,825 views) Lagos plane crash: Journalist releases victims’ names (147,702 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (138,918 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,353) Business Verdict (45) Columnists (887) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (614) Global Business Monitor (285) International (2,139) Interview (157) Live Commentary (28) Love Matters (127) News (37,248) Opinion (1,024) Pidgin (10) Politics (5,606) Religion (783) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

FRANCE vs CROATIA 4-2 Highlights & Goals 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement