Last updated on August 26th, 2022 at 02:28 pm
Nigerian financial service providers OPay says it will be collaborating with a cross-border money transfer firm, WorldRemit, to offer international money transfers directly into OPay mobile wallets right here in Nigeria.
OPay is a leading mobile money (MMO) and financial technology platform in Nigeria with over 300,000 networks of agents and over 5 million registered app users. It is one of the 60 CBN-certified international money transfer operators in Nigeria
On the other hand, WorldRemit is a leading international payments company that enables users to transfer money to their loved ones who can choose whether the transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up.
What does the partnership mean for Nigerians?
The partnership between the two mobile money transfer platforms will afford Nigerians who want to send money to their loved ones at home from abroad with a fast, easy and more affordable way to receive money from over 50 countries.
They will be able to receive money from countries like Canada, the United Kingdom and the United States among others directly into their mobile phones.
Speaking on the partnership, Opay Director of Remittance Service Kunle Olamuyiwa, at OPay was quoted as, “We are very excited about our partnership with WorldRemit. At OPay, our goal is to consistently drive financial inclusion across Nigeria, meeting the demands of the banked and unbanked.
“With this partnership, we will smoothen the process in which Nigerians receive money from friends and family abroad” techafrica quoted him as saying.
He said Opay’s seamless technology, would enable Nigerians to receive money in the comfort of their homes.
Olumuyiwa said, “Our 300,000 agent locations spread across the country makes cash withdrawals more convenient”.
On the OPay App, customers can save and invest their money in its FlexiFixed service, which offers up to 12% returns per year.
WorldRemit excited about the partnership with OPay
On its own part WorldRemit expresses excitement about the partnership, stating that the Opay/WorldRemit collaboration will make it affordable for people to carry out affordable transfer to their loved one.
Country Manager for Nigeria and Ghana at WorldRemits Gbenga Okejimi stated this, saying, “Together WorldRemit and OPay are disrupting traditional money transfer methods by delivering services that customers can access 24/7 via smartphones at their convenience.”
He said that his company was pleased to share that WorldRemit had reduced prices in 48 corridors and passed the savings onto their customers.
He said, “With communities across the world having to change their lifestyles due to the disruption caused by Covid-19, we’re proud to play our part in making sure our customers can continue to support their family and friends throughout this challenging time”.