The broadened partnership will see the UK-based regulated provider of wholesale FX and cross-border payment services, Crown Agents Bank, facilitate international money transfers directly into Paga mobile money wallets and Nigerian bank accounts on behalf of its international customers. The move follows on from Crown Agents Bank’s existing work with Paga in Nigeria, which enables domestic transfers for organisations with a local Nigerian presence, according to the official press release.
Recipients of remittances will be able to cash out their funds at any of Paga’s 26,068 agents in the country, or use their Paga wallets for paying bills, transferring to others, or to top-up their mobile airtime. In addition, Crown Agents Bank’s international development, remittance, and other enterprise customers will be able to use Crown Agents Bank’s integration with Paga to reach any account holder at any Nigerian bank.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.