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.
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.
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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.”
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By GlobalDataWith 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.
