MoMo PSB deepens diaspora remittance on cross-border transfer expansion

MoMo Payment Service Bank (MoMo PSB), the financial services subsidiary of MTN Nigeria, has expanded its cross-border money transfer service by extending outbound transfers to more African countries.

MoMo PSB does this while also strengthening inbound remittance corridors from the United Kingdom, United States, Canada and Europe.

The latest expansion enables MoMo PSB customers in Nigeria to send money to a broader range of African destinations, including Kenya and South Sudan, which have now been added to its existing network.

Other supported countries include Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone and Uganda.

Usoro Usoro, executive director, strategy and stakeholder management at MoMo PSB, said the expansion reflects the company’s focus on building inclusive and scalable financial solutions.

“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,” Usoro said.

“This expansion reflects our commitment to building secure, scalable and inclusive financial solutions that meet the evolving needs of our customers.”

Nigerians can now receive international transfers directly into their MoMo wallets from senders across the UK, US, Canada and several European countries.

This move strengthens MoMo PSB’s position in the remittance market and enhances access to fast and secure cross-border payments for Nigerians at home and in the diaspora.

The expanded service is designed to reduce the frictions traditionally associated with cross-border transfers, offering customers quicker processing times, competitive exchange rates and the convenience of wallet-based settlements.

The development is supported by strategic partnerships with Brij, Lightway Finance and Thunes, which provide the global payments infrastructure powering the expanded corridors.

By widening both its sending and receiving corridors, MoMo PSB aims to deepen financial inclusion and strengthen Nigeria’s links to the global economy, making international money transfers more accessible and affordable for individuals and businesses.