Thunes, the Smart Superhighway for moving money around the world, has announced a landmark collaboration with Sterling Bank aimed at transforming cross-border payments for Nigerians living abroad. The partnership is designed to make it quicker, simpler, and more reliable for members of the Nigerian diaspora to send money home, setting a new benchmark for international remittances.
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With an estimated 17 million Nigerians residing outside the country, the need for fast, transparent, and dependable financial connections to home continues to grow. Through this alliance, Sterling Bank is leveraging Thunes’ Direct Global Network to roll out enhanced cross-border payment capabilities across multiple European markets, giving Nigerians abroad a more consistent and stress-free way to support their families and manage financial commitments back home.
As a result of the collaboration, both new and existing Sterling Bank customers can now benefit from seamless, near-instant cross-border payments directly into their Sterling Bank accounts. Insights shared by Thunes highlight just how essential these services are, with nearly half of diaspora consumers across Europe viewing money transfers home as a regular and critical financial activity, on par with everyday expenses such as rent or utilities.
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Daniel Parreira, Senior Vice President of Sales for Africa at Thunes, said that welcoming Sterling Bank to the Direct Global Network represents a significant milestone in Thunes’ expansion across the African continent. He emphasized that the partnership reflects growing trust in Thunes’ infrastructure and reinforces its commitment to enabling faster, more transparent, and more accessible global money movement.
From Sterling Bank’s perspective, the collaboration underscores a strong commitment to improving the financial experience of Nigerians abroad. Ayodeji Saba, Head of Switch & Remittances at Sterling Bank, noted that by combining Sterling Bank’s customer focus with Thunes’ proven technology, the bank is delivering a faster, more reliable, and more affordable way for diaspora customers to fund their accounts directly from overseas.
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Beyond speed and convenience, the partnership reflects a shared vision around financial inclusion and community empowerment. By simplifying cross-border payments, Thunes and Sterling Bank are helping individuals gain better financial oversight and use their money more effectively, while also supporting Thunes’ broader mission to bring the next billion users in emerging markets into the global financial ecosystem.
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