GTBank, MoneyGram Partner on Fund Service For $21billion Remittances to Nigeria

Guaranty Trust Bank Plc, GTBank, and MoneyGram have launched a new fund receiving service across the network of the commercial bank known as the MoneyGram’s cash to account service.

As such, bank’s customers in Nigeria can now receive money from friends and family in 200 countries and territories directly into their personal GTBank accounts within minutes.

These funds can be accessed as customers would normally do on all deposits into their accounts either in person, online or through an ATM.

MoneyGram CEO, Alex Holmes while speaking at the event said:“Remittances are crucial to Nigeria’s economy.
Nigerians living abroad sent more than $21 billion back into the country in 2015.”

‘‘GTBank’s Executive Director, Wale Oyedeji, who signed on behalf of the bank said: “This collaboration with MoneyGram is a reflection of the bank’s commitment to building strategic partnerships that birth innovative financial solutions.”