Skye Bank launches Ria Money transfer

In its quest to satisfy its clientele through appropriate product offerings, Skye Bank plc has launched a new money transfer service, Ria Money transfer service. The new service complements the bank’s other international money transfer services.

Speaking at the launch of the product in Lagos on Tuesday, Timothy Oguntayo, the bank’s group managing director/CEO designate, said the product was in tandem with the bank’s concept of value creation and addition.

Noting that if banks must function as a one-stop financial supermarket where customers’ needs can be seamlessly taken care of, he said such banks must provide needs-satisfying products timely and effectively.

Oguntayo said the new money transfer service would be available at the bank’s 250 branches nationwide as well as through some specially designated branches, assuring that quality service would be the watch word.

Also speaking on the new product, the bank’s executive director, South South/retail banking, Ibiye Ekong, assured the general public that the bank would make funds remittance and collection easy, safe and convenient for both senders and recipients alike. Ekong said the bank would strive to make Ria Money the reference in money transfer business in the country.

In his remarks, Manuel Villena, business development director, Africa, Middle East and America, Ria Money, described the Nigerian market as the largest in Africa. This fact, he said, informed the decision of the company to come into the country.

“Africa is a key corridor and market in international funds transfer business. So, we chose to be close to where the customers are,” he said.

Villena commended Skye Bank for its giant strides in banking, saying his company and the bank have a lot of synergies which informed their business partnership.

Skye Bank also has the franchise of Western Union money transfer and Moneygram International and has distinguished itself creditably well in that line of business.