FirstBank launches diaspora remittance platform | Dailytrust

FirstBank launches diaspora remittance platform

First Bank of Nigeria

FirstBank of Nigeria Limited said it has launched its wholly-owned remittance platform, First Global Transfer, to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa.

The bank, in a statement at the weekend, said the FBN subsidiaries operate in Congo DR, Ghana, Gambia, Guinea, Sierra Leone, and Senegal.

It also said the network of International Money Transfer Operators (IMTOs) is targeted at easing the accessibility of its customers to receive money from close to 100 countries in a safe and secured manner.

The bank said the new product would also boost diaspora remittance inflow into Nigeria and that with over 750 branches across the country, customers can receive money from the nearest FirstBank branch.

The bank said it has been in partnership with Western Union, MoneyGram, Ria, Transfast, and WorldRemit.

Other IMTO partners of the bank include Wari, Smallworld, Sendwave, Flutherwave, Funtech, Thunes and Venture Garden Group.

“Beneficiaries can receive remittance in US dollars in any of our over 750 branches spread across the country.

“Customers without an existing domiciliary account can have dollar accounts automatically created for their remittances.

“You can also receive inflow directly into your account through Western Union,” the bank stated.

In his comment, the bank’s deputy managing director, Mr Gbenga Shobo, said: “We are excited about these partnerships, as it is essential to ensure our customers are at an advantage to receive money from their loved ones and business associates, anywhere they are, across the world.”