Ghana: Zeepay and MoneyGram introduce Account Deposit service in Nigeria

Zeepay and MoneyGram have introduced a groundbreaking Account Deposit service in Nigeria, offering remittance receivers the ability to transfer funds directly into their bank accounts from nearly every country worldwide.

In this significant collaboration, Zeepay and MoneyGram unveil a groundbreaking remittance service, transforming the experience for recipients in Nigeria. With the increasing shift of consumer preferences to online platforms, beneficiaries can now receive funds directly into their bank accounts, ensuring convenience and security. This innovative service offers multiple options for consumers to access remittances, making funds readily available through diverse channels such as ATMs, point-of-sale devices, and bank counters.

MoneyGram’s extensive global network, reaching over 200 countries and territories and catering to more than 50 million people annually, synergizes seamlessly with Zeepay’s influential presence in cross-border payments throughout Africa, extending its reach even to the Caribbean.

As outlined in a recent report by the World Bank1, Nigeria emerged as the second-largest recipient of remittances in Africa. These remittances play a crucial role in addressing various challenges, including food insecurity, supply chain disruptions, the aftermath of floods, and other natural disasters.

Dede Quarshie, Commercial Head at Zeepay, comments, “We are thrilled to introduce this innovative service to consumers in Nigeria, a market that truly relies on inbound remittances. This launch is a significant step in improving last-mile access and addressing security concerns for remittance receivers. With our account deposit service, beneficiaries in Nigeria can now access their funds around the clock, whether through ATMs, point-of-sale devices, or counter services.” The service is now live and available for consumer use in Nigeria.