The financial subsidiary of MTN Nigeria, MoMo Payment Service Bank (MoMo PSB), has strengthened its inbound remittance capabilities from the United Kingdom, United States, Canada, and Europe.
The company has also expanded its cross-border transfer service, allowing customers to send funds from Nigeria to other African markets like Kenya, South Sudan, Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, and Uganda.
The enhanced service offering reflects MoMo PSB’s ongoing commitment to advancing financial inclusion by simplifying the process of moving money across borders.
Customers benefit from swift transaction processing, competitive exchange rates, secure transfers, and the ease of receiving funds directly into their MoMo wallets, removing many of the delays and frictions traditionally associated with cross-border remittances.
The expansion is driven by strategic partnerships with Brij, Lightway Finance, and Thunes, leveraging their global payments infrastructure to deliver reliable, efficient, and compliant cross-border transfer experiences.
By widening both its sending and receiving corridors, MoMo PSB continues to deepen access to financial services and strengthen Nigeria’s connection to the global economy—making international payments more accessible, affordable, and seamless for individuals and businesses alike.
“Through our partnerships with Lightway Finance and Thunes, we have strengthened our international payments infrastructure to support both outbound and inbound remittances across key corridors.
“This expansion reflects our commitment to building secure, scalable, and inclusive financial solutions that meet the evolving needs of our customers,” the Executive Director for Strategy and Stakeholder Management at MoMo PSB, Usoro Usoro, said.