By Ayomide Otitoju
MoMo Payment Service Bank (MoMo PSB), the financial arm of MTN Nigeria, has expanded its cross-border transfer service, enabling customers to send money to more African countries while enhancing inbound remittance capabilities from major international markets, including the UK, US, Canada, and Europe.
With the latest expansion, Nigerian customers can now transfer funds to a wider network of African nations, including Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, Uganda, and newly added Kenya and South Sudan.
On the inbound side, customers can receive international transfers directly into their MoMo wallets from senders in the UK, US, Canada, and Europe, providing a fast, secure, and convenient alternative to traditional remittance channels.
The move reinforces MoMo PSB’s commitment to financial inclusion by simplifying cross-border payments, offering quick transaction processing, competitive exchange rates, and secure transfers straight into mobile wallets.
The expansion leverages strategic partnerships with Brij, Lightway Finance, and Thunes, utilising their global payments infrastructure to ensure reliable, efficient, and compliant international transfer services.
Speaking on the development, Usoro Usoro, Executive Director, Strategy and Stakeholder Management at MoMo PSB, said: “Through our partnerships with Lightway Finance and Thunes, we have strengthened our international payments infrastructure to support both outbound and inbound remittances across key corridors. This expansion reflects our commitment to building secure, scalable, and inclusive financial solutions that meet the evolving needs of our customers.”
