Tuesday
April 30
2019

WorldRemit Is Working With Paga to Roll out International Digital Money Transfers in Nigeria

By Herdrine Katche

Global digital money transfer leader, WorldRemit has signed a strategic deal with Nigeria’s first and leading mobile money company, Paga to roll out international digital money transfers in Nigeria. The deal will see WorldRemit’s customers around the world send money to Nigeria seamlessly and instantly.

WorldRemit is expanding its service offering beyond bank transfer and airtime top-up to include mobile money service. The partnership with Paga will allow WorldRemit customers in over 50 countries to send money directly from their phones to 11 million Paga mobile money accounts in Nigeria. This means that Nigerians living overseas can send money securely to relatives and friends in Nigeria using the WorldRemit app or website.

Recipients will then be able to transfer funds from their Paga wallets to other users of Paga wallets or bank accounts, top-up mobile airtime, settle bills, and pay for groceries at shops and businesses that accept Paga payments. Customers will also be able to withdraw money as cash at Paga agent locations, perform cardless withdrawals at select ATMs or store their funds in their Paga accounts.

Photo courtesy of Simon Berry.

Source: Ventures Africa (link opens in a new window)

Categories
Finance
Tags
digital finance, digital payments, financial services, fintech, mobile money, remittances