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MoneyGram partners Diamond Bank on fund transfer

By BusinessNews Staff on April 10, 2014

MoneyGram has announced the commencement of a partnership with Diamond Bank Plc to provide premium money transfer service at strategic locations in the country.

Speaking on behalf of Diamond Bank Plc, the bank’s Executive Director, Retail Banking, Mr. Uzoma Dozie, was quoted to have said in a statement that the partnership was an important milestone in providing secure and accessible money transfer services to meet the needs of the bank’s customers.

According to him, “When we began money transfer services, the initial focus was to provide efficient transfer services to our customers trading across Nigeria so we spent about sixty per cent of our equity in building a convenient and accessible platform. Today, we are taking it to a different dimension and widening the platform to embrace Nigerians in the Diaspora.”

On his part, Divisional Head, Transaction and e-Banking, Diamond Bank, Mr. Daniel Akumabor, assured the MoneyGram team of significant growth on the platform as a result of the partnership.

To the Executive Vice President, MoneyGram USA and Canada, Mr. Peter Ohser, with Diamond Bank joining the money transfer firm’s network, it now has over 4000 active locations in Nigeria.

“What this means is when your loved one sends you money from Paris, or Oslo or Moscow, or Tokyo, or New York, you can receive that money, in ten minutes, almost anywhere in Nigeria,” he added.

Ohser described the partnership as a genuine way to provide solution to the need of Nigerians at home and in the Diaspora.

“MoneyGram service is a critical lifeline, allowing Africa’s largest Diaspora-Nigerians Abroad – send money home to loved ones for upkeep, healthcare and education. Without our services and our partners, these Nigerians would fall prey to black market solutions which are susceptible to fraud and illegality,” he noted.

Commenting on the partnership, MoneyGram Vice-President Africa, Mr. Herve Chomel said he foresees rapid market expansion in the country.
He therefore expressed delight in the partnership with the bank.

[This Day]

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