"FBNBank partners WorldRemit to offer international money transfer services"

" \n FBNBank partners WorldRemit to offer international money transfer services \n \n\n \n FBNBank Ghana and digital payments company, WorldRemit , have announced a partnership that makes it easier for residents of Ghana to process international money transfers. \n \n\n \n This new service allows the Ghanaian diaspora and other nationals worldwide to send remittances to a network of 21 FBNBank branches and two agencies across Ghana, enabling their families and friends to receive and withdraw funds in a convenient, fast and secure way. \n \n\n \n Through this partnership, FBNBank will be offering two remittance services namely bank transfers and cash pick-up. The bank transfer service credits the transferred funds directly into the bank account of the beneficiary via the GhIPSS Instant Pay Platform (GIP) and the cash pick-up service offers cash to beneficiaries of international transfers in a branch setting. \n \n\n \n With this partnership, WorldRemit continues to expand into worldwide remittance markets in its quest to make international money transfers accessible and affordable. The company\u2019s cash pick-up network in Ghana now includes the 21 FBNBank countrywide branches and two agencies. \n \n\n \n Together, FBNBank and WorldRemit are improving the financial inclusiveness of Ghanaian citizens and supporting the country\u2019s economic growth by making it quicker and easier for the Ghanaian diaspora to send money back home. Real-time transaction processing ensures their families and loved ones receive money quickly and without delay. \n \n\n \n The World Bank\u2019s Migration and Development report for 2021 indicated that Ghanaian diaspora remitted an estimated $3.6bn in 2020 . This was a 5% over the previous year, 2019 increase in international remittances. Ghanaian remittances significantly improve the living standards of households in the country and enable people to pay for a variety of social needs including education and health. \n \n\n \n Commenting on the partnership with WorldRemit, Mr. Semiu Lamidi, Executive Director\/Chief Financial Officer of FBNBank Ghana Limited said: \u201cWe believe in partnerships which deliver great benefits. We are also keen on making innovation work for our customers. WorldRemit\u2019s innovative service enables local communities have easy access to much-needed funds. Through our partnership with WorldRemit, FBNBank will be making it possible for millions of Ghana\u2019s residents, including our customers, to have access to funds from their relations and associates abroad. \n \n\n \n \"For us at FBNBank, this is yet another offering on our menu which enriches our service to our customers on the platforms of convenience and variety. It goes to show how focused we are on ensuring that our customers, and indeed all other stakeholders remain at the heart of what we do. This is what we mean when we say we put our customers first and this is the kind of benefit for our customers we expect partnerships to deliver for us at FBNBank.\u201d \n \n\n \n Through this partnership with WorldRemit, FBNBank will be offering fast, safe and affordable remittance services to expand the variety of international remittance service options available to the Bank\u2019s customers. \n \n\n \n Elaborating, Alexander Markwei, Head, E-Business Solutions at FBNBank Ghana said: \u201cIn line with our declared agenda for 2022, we are expanding our service offering across board. Our partnership with WorldRemit service is a confirmation of our commitment to ensuring that our customers receive much-needed funds quickly and efficiently. For us at FBNBank this is what convenience means and we are committed to delivering greater service to our customers on that platform.\u201d \n \n\n \n Gbenga Okejimi, Country Manager for Nigeria and Ghana at WorldRemit described this agreement as a pivotal move to simplify the transfer of Ghanaian diaspora remittances. \n \n\n \n He emphasised: \u201cThe financial empowerment and inclusion of all Ghanaian citizens form the core of this partnership. FBNBank\u2019s wide network of branches and customer base allows receivers to access remittances conveniently.\u201d \n \n\n \n Customers and other users of the WorldRemit service at FBNBank will benefit from a no fee arrangement for receivers and instant availability for receivers. In the case of a Cash Pick-up service this will be dependent on the opening hours of the Bank. \n \n\n \n Bank Transfer beneficiaries, however, can access the funds sent through the FBNBank\u2019s alternate channels nationwide even outside working hours of the Bank. The WorldRemit service is also available across the First Bank of Nigeria network to which FBNBank Ghana belongs. \n \n\n \n About FBNBank \n \n\n \n FBNBank Ghana has in its over 25 years of operating in Ghana remained focused on putting its customers, staff and other stakeholders first. This, it has sought to do through the value and excellence of what the Bank contributes to the relationship with its stakeholders, particularly the customers. \n \n\n \n The Bank is a member of the First Bank of Nigeria Limited Group which is renowned for its great customer service and general stakeholder engagement garnered over 127 years of operation. FBNBank Ghana has 21 branches and two agencies across the country with close to 500 staff. FBNBank offers universal banking services to individuals and businesses in Ghana. \n \n\n \n About WorldRemit \n \n\n \n We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global payments brands. \n \n\n \n We disrupted an industry previously dominated by offline legacy players by taking international money transfers online \u2013 making them safer, faster and lower-cost. We currently send from 50 countries to recipients in 130 countries, operate in more than 5,000 money transfer corridors worldwide and employ over 1,200 people globally. \n \n\n \n On the sending side, WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options, including bank deposit, cash collection, mobile airtime top-up and mobile money. \n \n\n \n Backed by Accel, TCV and Leapfrog \u2013 WorldRemit\u2019s headquarters are in London, United Kingdom, with regional offices in the United States, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium. \n "

"FBNBank partners WorldRemit to offer international money transfer services"

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