Thunes, MoMo PSB to enable instant international money transfers to Nigeria

Core Insights - Thunes and MoMo PSB have partnered to enable instant international remittances for Nigerian users, allowing them to receive funds from major markets including Australia, the UK, the US, Canada, France, Saudi Arabia, South Africa, and Israel [1][2] Group 1: Partnership Overview - The partnership facilitates MoMo users in Nigeria to access global funds instantly for various transactions such as purchasing airtime, paying bills, and engaging in digital commerce [2][4] - MoMo PSB operates as a fintech platform and is a member of Thunes Direct Global Network, offering a wide range of digital financial services [2][3] Group 2: Financial Inclusion and Market Access - The collaboration aims to enhance financial inclusion in Nigeria by providing users with seamless access to international money flows, thereby integrating them into the global economy [4][6] - Thunes' Direct Global Network enables real-time cross-border money transfers by connecting with neobanks, local wallets, and financial institutions [3][4] Group 3: Executive Insights - Thunes' Chief Network Officer emphasized the importance of this alliance in allowing Nigerians to manage their finances conveniently and securely [4] - MoMo PSB's CEO highlighted the commitment to financial inclusion through the delivery of global remittances directly to users [5][6]