Thunes has announced a collaboration with Sterling Bank, a Nigerian commercial bank, to facilitate cross-border payments for Nigerians living abroad.

The partnership aims to provide a faster and more reliable way for diaspora customers to send funds to Nigeria.

With an estimated 17 million Nigerians residing overseas, the demand for secure and efficient financial connections to home has increased.

Through Thunes’ Direct Global Network, Sterling Bank will extend its services across several European markets, enabling account holders to make instant cross-border payments.

This offers a consistent method for managing finances and supporting families in Nigeria.

“Together, we’re enabling a new level of convenience, speed, and confidence for customers managing finances across borders. This alliance demonstrates our ongoing dedication to making global money movement instant, transparent and accessible for all,”

said Daniel Parreira, SVP, Sales – Africa at Thunes.

Ayodeji Saba, Head of Switch & Remittances at Sterling Bank, added:

“With Thunes’ trusted technology, we’re providing our customers a faster, more reliable, and more affordable way to fund their Sterling Bank accounts from their foreign bank accounts. It’s a step forward in improving the experience for our diaspora community.”

This article first appeared on fintechnews.ae

Featured image credit: Edited by Fintech News Africa, based on image by digitizesc via Freepik