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August 14, 2014updated 28 Feb 2022 7:27am

HyperWallet rolls out payment services in Nigeria

Global payments provider HyperWallet has rolled out its low-cost payment services in Nigeria, as part of its plan to allow firms to pay individuals in-country through direct-to-bank money transfers and reloadable prepaid debit cards.

By Verdict Staff

Global payments provider HyperWallet has rolled out its low-cost payment services in Nigeria, as part of its plan to allow firms to pay individuals in-country through direct-to-bank money transfers and reloadable prepaid debit cards.

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Owing to certain restrictions in cross-border currency movements, it is expensive and challenging process for businesses and their payees to make payments in Nigeria.

Using HyperWallet payment services, companies can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days.

Furthermore, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies.

HyperWallet sales & financial networks SVP Mike Monty said: “As a mixed economy and emerging market, Nigeria’s continued growth presents global corporates with new business and payment opportunities.

“We’re pleased to be able to offer organizations a fast, compliant and seamless way to pay individuals in Nigeria via both bank deposit and reloadable prepaid debit cards, enabling payees to receive their earned funds quickly and conveniently.”

With Nigeria launch, HyperWallet continues to expand its global financial network and support the varied payment needs of corporate customers and their payees across the globe.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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