WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

WorldRemit, a leading digital cross-border payments business, has launched a service for customers in Nigeria to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

This is as a result of ongoing commitment by WorldRemit to offer customers easy and convenient ways to send and receive money following the Central Bank of Nigeria’s (CBN) new directive for remittances.

The CBN recently revealed that annual remittance inflows to Nigeria are estimated to be approximately $24bn. These funds can be used to finance activities that are important to our customers such as education, medical costs, daily living expenses and investments into new opportunities.

Recall that WorldRemit was the first to announce that its customers in Nigeria will receive remittances in foreign currency (USD) through its cash pick up providers and now its facilitating bank transfers to offer greater convenience for senders and recipients.

International money transfers to US dollar bank accounts are already available through two of WorldRemit’s partner banks: Fidelity Bank and GT Bank. WorldRemit is working to add other partners shortly.

Speaking on this announcement, WorldRemit Country Manager, Nigeria and Ghana, Gbenga Okejimi, said: “Ensuring that our customers are able to transfer money to friends and family back home safely and as quickly as possible is why we exist. We’re constantly looking for ways to improve our services. We hope that by making it possible to send money to USD bank accounts in Nigeria, this gives our customers more flexibility and options to receive the money which we know are a welcome development during this festive season.”

WorldRemit also recently launched a Transfer Tracker App which allows recipients of money transfers to track their funds.

WorldRemit is an online money transfer business that provides international money transfer services in more than 50 countries. It was founded in 2010 by Ismail Ahmed, Catherine Wines, and Richard Igoe. As of 2018, WorldRemit had around 3 million users.


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