Fidelity Bank, WorldRemit Collaborate on Money Transfer

• Fidelity Bank, WorldRemit Collaborate on Money Transfer

Fidelity Bank Plc said on Monday that it had partnered WorldRemit, a digital money transfer service, to facilitate instant money transfers to four million Fidelity Bank accounts in Nigeria.

According to a statement, the new partnership further expands WorldRemit’s footprints in the country and allows Nigerians living in over 50 countries, including the United States, the United Kingdom, and Germany, to send money directly from their phones to recipients in Nigeria.

It said the deal would support WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020.

The Managing Director/Chief Executive Officer, Fidelity Bank, Nnamdi Okonkwo, said WorldRemit was offering a low-cost way to send and receive money.

According to him, the opportunity for customers to receive money from over 50 countries in a quick, affordable and convenient manner with WorldRemit is in line with the bank’s promise to deliver a new standard of service in the financial services industry.

“Last year, WorldRemit became Arsenal Football Club’s first-ever online money transfer partner in a global sponsorship deal. WorldRemit customers complete one million transfers every month from over 50 countries to over 145 destinations. More than half of its transfers go to Africa,” Okonkwo stated.

The Regional Director, Africa and the Middle East, WorldRemit, Andrew Stewart, said, “Nigeria remains the largest and fastest-growing market in Africa, and WorldRemit’s second biggest market globally.”