Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


New UK mobile money offering to ease transfers to Nigeria

12 November 2013, 13:07Henry Ifeanyi

Lagos - Transferbee, the United Kingdom-based firm, has launched a new mobile money transfer service for Nigerians living in the European country.

The offering is poised to facilitate easy and cheaper money transfers from the United Kingdom to Nigeria.

The company said it will charge only 4.5 Pounds for the transaction while the transfer money would be sent directly to the mobile phone in Nigeria using a growing mobile money ecosystem in the country.

According to officials, the transfers would take 24 hours and the receiver can redeem the money in numerous cash-out points.

“With Transferbee, we want to change the way Nigerians send money home and offer a cheap and convenient alternative,” said Titas Bledis, CEO of Transferbee.

Bledis further explained that Transferbee would also be unique because of the convenience of the service.

“The sender can transfer money to any Nigerian mobile phone number. The money will be sent to the receivers’ mobile money wallet in 24 hours. Mobile wallet would be created automatically, if the receiver is not yet using mobile money.

“The receiving party can then withdraw money in 1000s of cash-out points across the country without a need to visit the bank,” he said.

Bledis noted that Transferbee was working with two mobile money operators in Nigeria- Teasy Mobile Money and Cellulant Wallet.

It is planning to forge partnerships with more mobile money companies in the near future.

Official figures suggest there are 1,5 million Nigerians in the UK.

– CAJ News



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...