UBA, MoneyGram launch Naira transfer service

Money transfer business entered a new phase in the country on Monday as UBA Plc and global money transfer giant, MoneyGram, launched outbound money transfer service that allows Nigerians to send Naira abroad.

The new product, ‘Naija sends’, also give immigrants or expatriates opportunity to wire the local currency abroad through any UBA branch in Nigeria or elsewhere in Africa ,while the funds are received in dollar or the currency of the receiving country.

Speaking during the event, the Group Managing Director of the bank, Mr.Phillips Oduoza, said the new money transfer service would 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 ‘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.

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

With this service, Nigerians can now send money to countries like UK and USA from Nigeria. The Nigerian will send 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.


Source : SunOnline

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