Millions of Nigerians can now receive money from abroad instantly through a new partnership between Thunes and MoMo PSB, the fintech platform of Nigeria’s largest mobile network operator.

The alliance expands MoMo’s international remittance corridors, enabling customers to receive funds from countries including the USA, UK, Canada, France, Australia, Saudi Arabia, Israel and South Africa.

Through the collaboration, MoMo users can receive international transfers in real time and use the funds for everyday purposes such as buying airtime, paying bills, sending money to family and friends, or digital commerce.

The partnership aims to provide secure and convenient cross-border payments, supporting financial inclusion in Nigeria.

MoMo PSB, a subsidiary of MTN, offers a range of digital financial services, including payments, e-commerce, insurance, and remittances, and is a member of Thunes’ Direct Global Network.

Thunes’ network allows members to send and receive money across borders by connecting with local wallets, neobanks, and financial institutions.

Aik Boon Tan, Chief Network Officer at Thunes, said:

“This alliance makes it possible for Nigerians to receive money from abroad instantly, securely, and conveniently. It’s about allowing more people to access the global economy by giving them the power to manage their finances without friction.”

Phrase Lubega, Chief Executive Officer at MoMo PSB, added:

“Joining the Thunes Direct Global Network allows us to deliver on our commitment to financial inclusion by bringing global remittances directly to our users’ fingertips. Millions of Nigerians can now receive funds from friends, family, and professional networks abroad instantly and securely.”

Featured image credit: Edited by Fintech News Middle East, based on image by ilygraphic via Freepik