WorldRemit customers in over 50 countries can now send money instantly to millions of Fidelity Bank accounts directly from their mobile phones
Leading digital money transfer service WorldRemit has joined forces with Fidelity Bank, one of Nigeria’s top financial services providers, for instant money transfers to four million Fidelity Bank accounts in Nigeria.
The new partnership further expands WorldRemit’s footprint in the country and allows the 15 million-strong Nigerian diaspora living in over 50 countries – including the United States, the United Kingdom, and Germany – to send money directly from their phones to recipients in Nigeria. The deal supports WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020.
Fidelity Bank is one of the largest banks in Nigeria with an extensive network of branches across the country. The bank is committed to innovating its digital products to provide convenience and ease of banking for its customers. The collaboration with WorldRemit supports Fidelity Bank’s dedication to innovation and increasing financial inclusion.
Remittances play an increasingly important role in Nigeria’s economy. The World Bank estimates that in 2017 alone Nigeria received over $22 billion in remittances, making it the largest recipient in Africa and fifth largest recipient globally.
Andrew Stewart, Regional Director of Africa and the Middle East at WorldRemit, comments: “Nigeria remains our largest and fastest growing market in Africa, and WorldRemit’s second biggest market globally. We are delighted to be partnering with Fidelity, a leading bank in Nigeria and a major player in the remittance business, to introduce its customers to our best in class online money transfer service, which offers a safer, faster and more cost-effective way to send and receive funds.”
Nnamdi Okonkwo, Managing Director and Chief Executive Officer at Fidelity Bank Plc, said “WorldRemit offers a low-cost way to send and receive money. The opportunity for our customers to receive money from over 50 countries in a quick, affordable and convenient manner with WorldRemit is in line with our promise to deliver a new standard of service in the financial services industry.”
Last year, WorldRemit became Arsenal FC’s first-ever online money transfer partner in a global sponsorship deal. WorldRemit customers complete one million transfers every month from over 50 countries to over 145 destinations. More than half of its transfers go to Africa.
Visit FidelityBank.ng and WorldRemit.com for more information on how to send money to Nigeria.
About WorldRemit
WorldRemit is changing the way people send and receive money
It’s easy – just open the app or visit the website – no more agents.
● Transfers to most countries are instant – send money like an instant message.
● More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
● Available in over 50 countries and more than 145+ destinations.
● Backed by Accel Partners and TCV – investors in Facebook, Spotify, Netflix and Slack.
WorldRemit’s global headquarters are in London, UK with offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand.
About Fidelity Bank
Headquarter in Lagos, Nigeria, Fidelity Bank is a full-fledged commercial bank, with over four million customers who are serviced across its 240 business offices and various other digital banking channels. The bank has in recent times won accolades as the Best SME Friendly Bank, Best in Mobile Banking and the Most Improved Corporate/Investment Bank among several industry awards and recognitions. The bank was also ranked the 4th Best Bank in the Retail Banking Segment in the 2017 Banking Industry Satisfaction Survey conducted by KPMG.
Focused on select niche corporate banking sectors as well as Micro Small and Medium Enterprises (MSMEs), Fidelity Bank is rapidly implementing a digital based retail banking strategy which has resulted in an exponential growth in savings deposits over the last three (3) years and a corresponding surge in customer enrolment on the bank’s flagship mobile/internet banking products.
