First Bank of Nigeria Limited (FirstBank), Nigeria’s largest banking institution, and MoneyGram International, a leader in money transfer and global payment services, today announced the launch of outbound remittance service in Nigeria. Since money transfers began in Nigeria in 1998, consumers in the country have only been able to receive funds via MoneyGram’s money transfer services. The launch represents a significant milestone because it enables customers to send funds to family and friends around the globe in Naira which can then be picked up in the currency of the receiving country where available.
FirstBank is one of the first MoneyGram agents to offer this service in Nigeria. Customers will be able to use MoneyGram’s new outbound service offering through the bank’s many branches.
Speaking at a media briefing recently, Bisi Onasanya, Group Managing Director/Chief Executive Officer, First Bank of Nigeria Limited said, “FirstBank remains committed to delivering the gold standard of customer experience and excellence in financial solutions and we are proud to offer yet another excellent customer focused solution – the MoneyGram outbound service – to the Nigerian market. As a brand, we remain committed to putting our customers first.”
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