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Small World expands forex payout outlets in Nigeria

Small World expands forex payout outlets in Nigeria

Small World Financial Services says its customers in Nigeria can now receive money in minutes across an even larger bank network following the banking regulator’s approval, the international money transfer service provider says.

Small World says it now has 2800 payout locations for customers to receive remittances and into their bank account and is expanding following the Central Bank of Nigeria (CBN) directive issued last December 2020 “to enable global money transfers to be paid in US dollars in an effort to streamline and increase the flow of formal diaspora remittances into Nigeria.” 

“Since CBN’s announcement around the new directive for global money remittances, we have been working tirelessly to offer our clients the best possible service in an easy, fast and secure way”, Stanley Wachs, Managing Director, Northern Europe & Africa, Small World, says. 

“We are delighted to announce that we are partnered with leading banks in Nigeria including Access Bank, EcoBank, First Bank, United Bank for Africa, GT Bank, Fidelity Bank, Polaris Bank, Union Bank of Nigeria, Zenith Bank and others soon to come offering our clients nearly 3000 locations for money collection across Nigeria.”

“At the heart of our mission is the drive to provide customers with the means to send money to friends, family and loved ones in the fastest and most cost-effective way. I am really excited about this greatly expanded network of partners as it provides more convenience and options for our customers in Nigeria.” 

Small World customers can send money in minutes to Nigeria for cash pick-up and bank deposit in US Dollars from a Small World branch, agent, over the phone or digitally via the Small World website or app, according to the company.

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