Banking/Finance

FIRSTBANK EXPANDS ITS INTERNATIONAL MONEY TRANSFER NETWORK, REINFORCES ITS COMMITMENT TO CUSTOMER SERVICE.

FIRSTBANK EXPANDS ITS INTERNATIONAL MONEY TRANSFER NETWORK, REINFORCES ITS COMMITMENT TO CUSTOMER SERVICE.

 

In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner. With over 750 branches across the country, customers can receive money from the nearest FirstBank branch closest to them.

 

Over the years, FirstBank has been in partnership with Western Union, MoneyGram, Ria, Transfast, and WorldRemit. The bank is also in partnership with other IMTOs which include Wari, Smallworld, Sendwave, Flutherwave, Funtech, Thunes and Venture Garden Group to promote remittance inflow into the country, thereby putting Nigerians and residents at an advantage in receiving money from their families, friends and loved ones across the world.

 

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 account automatically created for their remittances. You can also receive inflow directly into your account through Western Union.

 

In addition, FirstBank has launched its wholly owned remittance platform named First Global Transfer product to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa. These subsidiaries include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal.

Reiterating the Bank’s resolve in promoting diaspora remittances, regardless of where one is across the globe, the Deputy Managing Director, Mr Gbenga Shobo said “at FirstBank, expanding our network of International Money Transfer Operators is in recognition of the significant roles diaspora remittances play in driving economic growth such as helping recipients meet basic needs, fund cash and non-cash investments, finance education, foster new businesses and debt servicing.

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.”

 

FirstBank pioneered international funds transfer and remittances over 25 years ago and has been at the forefront of promoting cross border payments in the country, having started the journey with Western Union Money Transfer. The Bank’s wealth of experience and operation in over 750 locations nationwide gives it the edge in the market.

 

society_admin

Recent Posts

GTBank Customer Complaints to Disappearing Deposits, Deduction Issues, and the Silent MD

GTBank Customer Complaints to Disappearing Deposits, Deduction Issues, and the Silent MD Customers of Guaranty…

2 days ago

LITF 2024: Care Global Consumer Ltd Positions Midea Appliances, Offers Free Gifts On All Purchases

LITF 2024: Care Global Consumer Ltd Positions Midea Appliances, Offers Free Gifts On All Purchases…

4 days ago

First Bank Recapitalization: How Boardroom Conflicts and Declining Customer Trust may Affect

First Bank Recapitalization: How Boardroom Conflicts and Declining Customer Trust may Affect First Bank of…

5 days ago

Access Holdings Reaffirms Commitment to Driving Inter-, Intra-African Trade

Access Holdings Reaffirms Commitment to Driving Inter-, Intra-African Trade • Banking subsidiary targets November for…

7 days ago

Wema Bank Releases Q3 2024 Unaudited Results… Reports Profit Before Tax of ₦60.62billion, a 174% YonY Growth

Wema Bank Releases Q3 2024 Unaudited Results… Reports Profit Before Tax of ₦60.62billion, a 174%…

7 days ago

Adron Homes Lead the Charge for Breast Cancer Awareness with Annual Screening Initiative

Adron Homes Lead the Charge for Breast Cancer Awareness with Annual Screening Initiative Adron Homes…

7 days ago