Union bank partners “RIA money Transfer” for pay-out services

Union bank, Nigeria’s leading innovative financial institution, has partnered with RIA Money Transfer, one of the largest money transfer companies in the world to offer money transfer pay-out services across Nigeria.

The new agreement allows union bank customers to receive remittances in local currency at Union Bank pay-out locations in its branches nationwide. This will in the long run go a long way in assisting its customers and their businesses in Nigeria as a whole.

According to Folorunsho Orimoloye, Union bank’s head of Alternative Channels, “Customers can have funds transferred directly to their bank accounts, while non-bank customers can collect remittances in cash through any pay-out location.

In addition to providing a secure and economic service, RIA’s technology allows customers to receive remittances within minutes. Union Bank is proud to partner with RIA as we are constantly seeking opportunities to make banking simpler and smarter for our customers,” Orimoloye said.

He further said that “RIA has a network of approximately 314,000 locations spanning 144 countries; RIA is one of the largest money transfer services in the world. With this partnership, we will ensure that our customers have access to this worldwide network, thereby extending the options of quality remittances services union bank offers to all our customers”.

Juan Bianchi, RIA’s CEO and president, said, “RIA is pleased to partner with Union Bank and expand our reach in Nigeria, the number one remittance receiving country in Africa and top five receiving country globally. Our secure and economical bank-deposit and cash pay-out services with Union Bank now provide more choice to customers living in the diaspora that are seeking a reliable option to send remittances home to their loved ones.”

Orimoloye said, “Nigeria market is one huge and very competitive and is one of the fastest growing channels in Africa, which is why we want to make it easier for Nigerians to receive money easily, faster and cheaper from countries abroad, which is in accordance with our aim, building a simpler and smarter bank.”

 

HOPE MOSES-ASHIKE & CHINYERE OKEKE