Skye Bank partners WorldRemit on cash pickup service


Skye Bank is partnering WorldRemit , a global money transfer app to offer instant money transfers to Nigerians.

In addition to its same-day bank transfer service, the financial technology company now allows customers to send money to more than 140 cash pickup locations in the country, instantly.

In a statement, the firm said people in more than 50 countries can use the app to send to Nigeria. Recipients can collect money instantly from 140 branches of Skye Bank.

It said WorldRemit customers currently send over 400,000 transactions monthly. The technology firm said Nigerians in Diaspora sent home $20.8 billion in 2015, by far the largest volume of remittances to any country in Africa and the 6th largest in the world, according to the World Bank.

Chief Executive Officer & Founder of WorldRemit’s, Ismail Ahmed, said: “Gone are the days of queuing in line at a high-street transfer shop and waiting several days for a money transfer to arrive.

‘’At WorldRemit, we offer people a choice of the most convenient ways to send and receive money. Today, Nigerians can use our app or website to send money to a bank account or cash pickup location, instantly.”

In February 2015, the firm received a $100 million funding round led by Technology Crossover Ventures, early investors of Facebook, Spotify, and Dropbox.

In June 2015, the technology firm also was recognised by United Nations agency the International Fund for Agricultural Development (IFAD) for shaking up the global money transfer industry.

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