#Thunes #Nigeria #Lagos #Cross-Border Payments #Sterling Bank

A New Era in Cross-Border Payments for Nigerians

In a significant move to enhance financial connectivity for Nigerians overseas, Sterling Bank has officially joined forces with Thunes, the globally recognized platform facilitating instant money transfers worldwide. This collaboration aims to simplify the process of cross-border payments for the approximately 17 million Nigerians living and working abroad.

The Need for Efficient Money Transfers

For many expatriates, sending money back home isn't just a financial transaction; it's an emotional lifeline supporting families, paying for school fees, or managing living expenses in Nigeria. Recent data revealed that about 46% of the Nigerian diaspora in Europe routinely send money to their homeland, likening it to essential expenses like rent or bills.

This surge in demand for immediate, efficient, and transparent financial services has catalyzed the partnership between Sterling Bank and Thunes. By integrating Thunes' extensive direct network, Sterling Bank is gearing up to provide its clients a seamless and reliable way to manage finances from abroad.

What This Partnership Means

The collaboration introduces multiple benefits for existing and new clients of Sterling Bank. Account holders will now enjoy instant cross-border payments, making it easier than ever to support loved ones back home. Daniel Parreira, Vice President of Sales for Africa at Thunes, remarked that this partnership marks a pivotal moment in their African expansion strategy, showcasing trust in their infrastructure and a commitment to paving ways for enhanced financial services on the continent.

Ayodeji Saba, the head of the Switch Remittances department at Sterling Bank, emphasized that this alliance is an important step in improving the experience of the diaspora. By employing Thunes' trusted technology, clients will receive a faster, reliable, and more cost-effective means to fund their Sterling Bank accounts from overseas.

A Commitment to Financial Inclusion

Both companies share a vision centered on financial inclusion and empowerment. By enabling Nigerians abroad to have better control over their finances, the partnership helps reinforce their ability to allocate resources efficiently. Thunes' mission aligns with the goal of integrating the ‘next billion’ users from emerging markets into the global economy, making the dream of better financial connections a reality.

Through this groundbreaking partnership, Sterling Bank and Thunes are not just transforming the landscape of cross-border payments; they are playing a significant role in redefining how Nigerians abroad connect with their home country financially. As digital payment solutions continue to evolve, this pioneering initiative underscores the potential for technology to bridge distances and create community, regardless of geographical boundaries.

For those interested in leveraging this new service, Sterling Bank customers can learn more about how to access instant cross-border payments through the official Sterling Bank website. Likewise, insights into Thunes can be found at their official site.

As these two industry leaders continue to navigate the landscape of international finance, the future looks promising for seamless money movement across borders, allowing families to connect and thrive regardless of where they reside.