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.
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