MoMo Payment Service Bank (MoMo PSB), the financial services subsidiary of MTN Nigeria, has expanded its cross border money transfer offering, extending outbound transfers to more African countries while strengthening inbound remittance channels from major international markets.
The move broadens MoMo PSB’s reach within Africa and deepens its links with key diaspora corridors, as the bank positions itself to support faster and more accessible international money transfers.
With the latest expansion, MoMo PSB customers in Nigeria can now send money to a wider network of African countries. These include Ghana, Benin Republic, Rwanda, Togo, Cameroon, the Democratic Republic of Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, and Uganda, with Kenya and South Sudan newly added to the list.
The bank said the expanded outbound coverage is aimed at supporting individuals and businesses with regional payment needs, particularly those engaged in trade, remittances, and cross border commerce within Africa.
Stronger inbound remittance corridors
On the inbound side, MoMo PSB said customers can now receive international transfers directly into their MoMo wallets from senders in the United Kingdom, United States, Canada, and across Europe.
- According to the bank, the enhanced inbound capability reinforces its role in enabling faster and more convenient remittances for Nigerians, reducing reliance on traditional remittance channels and associated delays.
- MoMo PSB said the expanded service reflects its ongoing commitment to advancing financial inclusion by simplifying the process of moving money across borders. Customers are expected to benefit from faster transaction processing, competitive exchange rates, secure transfers, and the convenience of receiving funds directly into their digital wallets.
- The bank added that the service removes several friction points traditionally associated with international money transfers.
Partnerships powering the expansion
The expansion is supported by strategic partnerships with Brij, Lightway Finance, and Thunes, which provide the global payments infrastructure underpinning the cross border transfer services.
Commenting on the development, MoMo PSB’s Executive Director for Strategy and Stakeholder Management, Usoro Usoro, said the partnerships have strengthened the bank’s international payments capabilities. “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,” he said.
He added that the expansion reflects MoMo PSB’s focus on building secure, scalable, and inclusive financial solutions that respond to the evolving needs of customers.
By expanding both its sending and receiving corridors, MoMo PSB said it is improving access to cross border financial services and strengthening Nigeria’s connections to the global economy, while making international payments more accessible and seamless for individuals and businesses.
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