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UK firm launches money transfer service to Nigeria

22 May 2015, 20:00

Lagos - Nigerians living in the United Kingdom can now send money back home after UK firm announced the launch of its services to the West African country.

SimbaPay, the digital money transfer provider, has expanded its service to enable the Nigerians in the European country, through its app or website, send money to any bank account or mobile phone in Nigeria instantly.

SimbaPay said it charges "zero fees" for the money transfers.

Also read: Ecobank, Western Union introduce 24-hour money transfer

Nyasinga Onyancha, Chief Executive Officer for SimbaPay, expressed excitement at the launch into Africa’s largest economy.

“It’s awesome to be eliminating high money transfer fees for Nigerians in the UK who are sending money to their loved ones,” said Onyancha.

Nigerians living in the UK with a bank account, debit card or credit card will be able to use the SimbaPay app from any mobile phone, tablet or computer. Transfers made using SimbaPay are credited within seconds to recipients’ bank accounts or mobile money wallets eliminating the inconvenience of queues and old school paperwork.

The service will gradually be rolled out to Nigerians living in other EU countries.

SimbaPay provides daily locked-in exchange rates for the Nigeria Naira. 

 

- CAJ News

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