WorldRemit, a UK-based digital money transfer service, has partnered with African financial company Guaranty Trust Bank (GTBank) to launch new money transfer routes to west and central Africa.
The partnership will enable users of WorldRemit to transfer money to any bank account in Benin, Guinea-Bissau, Mali, Niger, Senegal and Togo. Funds will be deposited as CFA Francs.
Commenting on the launch, Guaranty Trust Bank CI managing director Dan Shuaib said: “Our partnership with WorldRemit to create this service is a testament to the bank’s commitment to building strategic partnerships that birth innovative solutions and provide customers with a superior banking experience. It will also ensure that Africans abroad have a reliable way to send money to bank accounts across West and Central Africa.”
WorldRemit founder and CEO Ismail Ahmed commented: “We’re delighted to be partnering with one of Africa’s foremost banks to give our customers greater choice and convenience when sending money home. With the WorldRemit app, West and Central Africans living abroad can send money home to their friends and relatives with just a few taps. We make sending money as easy as sending an instant message.”
In October this year, WorldRemit partnered with Express Union to launch its instant remittance service to Cameroon.
In May this year, WorldRemit partnered with UAE Exchange to expand its reach in African nations such as Morocco, Uganda, Rwanda, Kenya and Zambia.