Latest News
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.
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.
Related News
Latest Blogs
- How far Nigeria’s maritime has come
- The curious case of Nigeria’s bans
- Why Africa will be missing on ‘Globalisation 3.0’
- The Nigerian high-interest-rate trap
- How Tinubu is ensuring equitable access to public services
Most Popular News
- Artificial intelligence can help to reduce youth unemployment in Africa – ...
- User account leaks fall in Nigeria, globally
- News analysis: The US-China trade war, was it all just a bad dream?
- AWIEF 2025 mobilising stakeholders to recommit to gender equity
- Dual conference in Cairo promotes innovation and asset integrity in Africa
- Finnfund issues EUR 200 mn multi-tranche green and sustainable bonds