Western Union Company has announced the launch of a new mobile money transfer (MMT) service to Nigeria. This is in collaboration with Paga, a mobile payment platform in Nigeria.
This new service makes it possible for Paga users to receive a Western Union Money Transfer transaction directly into their Paga account.
With this initiative, Paga’s more than 1.2 million users would be able to withdraw money by sending it to a bank account, withdraw from an ATM or through Paga’s network of over 4,000 agents in Nigeria. “Consumers can also choose to pick-up their funds at participating Western Union agent locations across the country, according to a statement.
According to a statement, international money transfers for mobile pick-up via Paga could be initiated in more than 20 countries or participating Western Union Agent locations worldwide.
The new offering complements Western Union services offered through its retail Agent network of more than 500,000 locations around the world, which includes 4,900 locations in Nigeria.
The Regional Vice President, Africa, Western Union, Aida Diarra said: “Western Union continues to introduce new service offerings to expand its mobile footprint as part of our omni-channel strategy, which facilitates financial inclusion for consumers who may not have access to traditional banking products.
“We are very pleased to broaden the reach of our digital offerings and access points for consumers in Nigeria, as this supports the move towards a cashless society as per the Cashless Policy of the Central Bank of Nigeria (CBN).”
Tayo Oviosu, CEO of Paga, assured that his firm would continue to execute its strategy of simplifying payments for all Nigerians.
He went on to add that the partnership extends his firm’s services to the world.
