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

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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.

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