When expats need to send remittance back home, they need it delivered right on time just so it helps their families meet pressing needs. They also need to be able to send the money cheaply so their loved ones can receive as much as they can. Finally, they need the remittance to be sent through an institution they trust implicitly. These factors play an important part when it comes to Nigerian expats, who are known to send home some of the highest remittances globally.
We recently partnered with Zenith Bank, one of the largest and most trusted financial institutions bank in Nigeria, to extend instant cash payout services. We chose to partner with Zenith Bank for the expansion of our remittance offering as we essentially share some core principles like innovation and customer service. Since we are committed to always delivering great services, Zenith Bank fit the bill perfectly as a partner. This partnership ensures that your loved ones can leverage our cash remittance services in Nigeria, across any of the 366 Zenith Bank locations.
Nigerian expats can choose Xpress Money to empower the Nigerian economy
According to data sourced from the World Bank, Nigerians in the diaspora sent roughly $19.67 billion, $22 billion and $24.3 billion home in 2016, 2017 and 2018, respectively. Based on data from the National Beaureau of Statistics it could be estimated that the $24.3 billion sent home by the Nigerian diaspora in 2018 represent approximately 6.8 percent of the country’s 2018 GDP.
Remittance recipients are able to receive payments instantly via cash or directly into their account through our account credit services in Nigeria. Further our cash to mobile wallet service is also available in the country through leading service providers like MTN, GLO, Airtel, Tigo. Committed to making it easier for the families of expats to receive money in Nigeria, we are expecting to add about 1,000 more locations in Nigeria soon.