MoMo PSB Broadens Cross-Border Transfers, Strengthens Global Remittance Links

MoMo Payment Service Bank has expanded its international money transfer services, widening outbound transfers to more African countries while enhancing inbound remittance channels from major global markets.

The move allows customers in Nigeria to send funds to a larger number of African destinations, including Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, Uganda and The Gambia, with Kenya and South Sudan newly added to the network.

On the inbound side, Nigerians can now receive international transfers directly into their MoMo wallets from senders across the United Kingdom, United States, Canada and several European countries, reducing delays and reliance on traditional remittance processes.

MoMo PSB said the expansion is designed to make cross-border payments faster, safer and more accessible for individuals and businesses, particularly Nigerians in the diaspora who regularly send money home to support families and investments.

Customers are expected to benefit from quicker transaction processing, competitive exchange rates and direct wallet credits, eliminating common bottlenecks associated with international money transfers.

The bank noted that the service upgrade is supported by strategic partnerships with global payment firms Brij, Lightway Finance and Thunes, which provide the infrastructure needed for secure and compliant international transactions.

Commenting on the development, MoMo PSB’s Executive Director for Strategy and Stakeholder Management, Usoro Usoro, said the expansion reflects the company’s commitment to deepening financial inclusion and strengthening Nigeria’s links to the global economy.

According to him, the enhanced remittance channels make international payments more affordable and seamless, supporting both personal transfers and cross-border business transactions as demand for digital financial services continues to grow.