Millions of Nigerians now have a faster, easier way to receive money from loved ones abroad, thanks to a new partnership between Thunes the global “Smart Superhighway” for moving money and MoMo PSB, the fintech arm of MTN, Nigeria’s largest mobile network operator. This collaboration marks a major milestone for MoMo as it expands its international remittance corridors across Africa and key global markets including the USA, UK, Canada, France, Australia, Saudi Arabia, Israel, and South Africa.
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With this alliance, MoMo users can now receive international transfers instantly and use the funds for everyday needs from buying airtime and paying bills to sending money to family or shopping online. By combining global reach with mobile-first accessibility, the partnership offers a seamless and secure cross-border payment experience while helping to boost financial inclusion across Nigeria.
MoMo PSB, already a trusted digital financial services platform within MTN’s vast ecosystem, gives millions of Nigerians access to essential financial tools anytime and anywhere. Through its integration with Thunes’ Direct Global Network a real-time payment infrastructure connecting wallets, neobanks, and financial institutions worldwide MoMo becomes a powerful link between Nigeria’s growing digital economy and the rest of the world.
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The timing couldn’t be more meaningful. According to World Bank data, remittances flowing into Nigeria grew 9% in 2024, reaching $20.9 billion. With more Nigerians relying on international support, the ability to receive funds instantly and reliably is a huge step toward greater economic participation.
Aik Boon Tan, Chief Network Officer at Thunes, highlighted the impact of the partnership: “This alliance makes it possible for Nigerians to receive money from abroad instantly, securely, and conveniently. It’s about giving more people the power to manage their finances without friction and opening access to a major global market for our network members.”
MoMo PSB’s CEO, Phrase Lubega, echoed this sentiment, emphasizing how the collaboration supports financial inclusion: “By joining the Thunes Direct Global Network, we’re bringing global remittances directly into the hands of our users. Millions of Nigerians can now receive funds instantly and securely from friends, family, and professional networks abroad. This partnership gives people a transparent, cost-effective, and reliable way to access global financial flows and participate more fully in the digital economy.”
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Together, Thunes and MoMo PSB are bridging continents and empowering Nigerian households, entrepreneurs, and communities with a new level of financial freedom.
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