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WorldRemit partners GTBank to expand money transfer service in West Africa

09 Dec 2016, 11:10 am
Financial Nigeria
WorldRemit partners GTBank to expand money transfer service in West Africa

News Highlight

- WorldRemit partnered GTBank to launch its money transfer service in six West African countries – Benin, Guinea-Bissau, Mali, Niger, Senegal and Togo. 

A branch office of Guaranty Trust Bank

World Remit, a global online remittance provider, has launched its money transfer service in six West African countries – Benin, Guinea-Bissau, Mali, Niger, Senegal and Togo – in partnership with Guaranty Trust Bank. According to a statement released on Friday, the remittance provider said people can now send money to friends and family in those African countries and it can be received as bank deposits in CFA Francs.

"This service removes the barriers that limit customers’ access to remittances and provides them with a quick and convenient way to receive money from any part of the world,” said Dan Shuaib, Managing Director of Guaranty Trust Bank Côte d'Ivoire. “Our partnership with WorldRemit to create this service is a testament to the bank’s commitment to building strategic partnerships that birth innovative solutions and provide customers with a superior banking experience.”

The Managing Director of GTBank Côte d'Ivoire added that the service will ensure that Africans living abroad can have a reliable way to send money to bank accounts across West and Central Africa. WorldRemit, which is reportedly the United Kingdom’s fastest-growing technology company, is available in 50 countries and 125 destinations worldwide, including Nigeria and Cameroon.

“We’re delighted to be partnering with one of Africa’s foremost banks to give our customers greater choice and convenience when sending money home,” said Ismail Ahmed, WorldRemit’s Founder and CEO. “With the WorldRemit app, West and Central Africans living abroad can send money home to their friends and relatives with just a few taps. We make sending money as easy as sending an instant message.”

Founded in 2010, WorldRemit sends over 500,000 money transfers every month. The company has raised over $140 million from leading venture capital funds including Technology Crossover Ventures and Accel Partners.


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