MoneyGram recently became the first money-transfer company to let customers transfer money quickly from France, Germany, Ireland, Italy and Spain to most Nigerian bank accounts.
Users of MoneyGram in these European nations can now send money in minutes to most personal accounts at banks that are members of the Nigeria Inter-Bank Settlement System network. Banks within this network include First Bank, UBA, Ecobank, Fidelity and Zenith Bank.
“This is a significant milestone for us," Herve Chomel, MoneyGram’s regional vice president for Africa, said. "With the addition of Nigeria, MoneyGram now offers bank-account deposits through our network into five of the world's largest remittance receive markets — Nigeria, China, India, Mexico and the Philippines. Account deposit is a fast and secure way to send and receive funds between loved ones, and we are proud to offer the service for our customers in Europe and Nigeria.”
MoneyGram is a global provider of innovative money transfer and payment services. It provides service online, through a mobile device, at a kiosk or in a local store. Some of the services it provides include bill payment, money orders and processing of official checks in select markets.