Fidelity Bank plc in partnership with WorldRemit, a digital money transfer service, has joined forces for instant money transfers to four million Fidelity Bank accounts in Nigeria. The new partnership further expands WorldRemit’s footprint in the country and allows the 15 million-strong Nigerian diaspora living in over 50 countries to send money directly from their phones to recipients in Nigeria. The deal supports WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020.
Commenting, Andrew Stewart, Regional Director of Africa and the Middle East at WorldRemit, said: “Nigeria remains our largest and fastest growing market in Africa, and WorldRemit’s second biggest market globally. We are delighted to be partnering with Fidelity, a leading bank in Nigeria and a major player in the remittance business, to introduce its customers to our best in class online money transfer service, which offers a safer, faster and more cost-effective way to send and receive funds.”
Mr Nnamdi Okonkwo, Managing Director and Chief Executive Officer at Fidelity Bank Plc, said “WorldRemit offers a low-cost way to send and receive money.” The opportunity for our customers to receive money from over 50 countries in a quick, affordable and convenient manner with WorldRemit is in line with our promise to deliver a new standard of service in the financial services industry.”