Published On: Wed, Dec 23rd, 2015

Service enables Europe clients send money to Nigeria

Money gramLAGOS, (CAJ News) – CUSTOMERS of MoneyGram in Europe can now send money to most personal Nigerian Naira bank accounts within minutes.

The funds can be sent from France, Germany, Ireland, Italy and Spain.Officials said this was a significant milestone for the company.With the addition of Nigeria, MoneyGram now offers bank account deposits through its network into five of the world’s largest remittance receive markets.

These include Nigeria, China, India, Mexico and the Philippines.Herve Chomel, MoneyGram’s regional vice president for Africa, said account deposit was a fast and secure way to send and receive funds between loved ones.

“We are proud to offer the service for our customers in Europe and Nigeria,” he said.

Customers can send money to most of the personal accounts held at banks that are members of the Nigeria Inter-Bank Settlement System network.Such include First Bank, United Bank of Africa, Ecobank, Fidelity and Zenith Bank from MoneyGram agent locations in France, Germany, Ireland, Italy and Spain.

This marks an important innovation for the remittance industry in Nigeria.  By integrating into the Nigerian Inter-Bank Payment System, MoneyGram customers are able to send money into most bank accounts in Nigeria, almost in real time.Receivers do not have to undertake any action as the funds are automatically deposited into their account and can be accessed via ATM’s or online.MoneyGram is a global provider of innovative money transfer and payment services.

CAJ News‪‬‪‪‪ ‬‪ ‬

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