• Thursday, July 25, 2024
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BusinessDay

Enterprise Bank begins outbound money transfer with MoneyGram  

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In the continuous bid to serve its customers better, Enterprise Bank Limited has commenced MoneyGram “Naija Send” – Outbound money transfer services from Nigeria with MoneyGram International.                 

MoneyGram “Naija Sends” enables walk-in and existing customers enjoy the opportunity of sending money abroad on the MoneyGram International platform. The product is designed for everybody, and has proven to be a convenient means of meeting personal financial needs. Such needs include payment of school fees, pocket money and other educational expenses (for parents who have children schooling abroad).

Under this service, money is sent in naira but received in the currency of the receiving country. This eliminates the risk attached to carrying physical cash in transit while travelling abroad. For additional security, money sent from Nigeria cannot be received in Nigeria.

With its introduction, customers can now walk into over 150 branches of the bank across the country to receive or send money to their loved ones in over 200 countries. This establishes Enterprise Bank firmly as a Send and Receive Agent of MoneyGram International.

A statement from the corporate communications department of the bank said that this was one of the many ways Enterprise Bank Limited, which is currently undergoing a business combination with Heritage Bank Limited, will positively impact the lives of its customers both in Nigeria and in the Diaspora.