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Nigerian-based First City Monument Bank is working alongside MoneyGram International to set-up money transfer services across its 270 branches in Nigeria

The partnership will allow the bank's customers to send money to relatives and friends across the globe, using innovative solutions, First City Monument Bank said.

FCMB executive director, Olufemi Bakare, stated that the bank’s move to partner with Moneygram was aimed at embracing financial inclusion while enhancing customer experience which could help the bank “further connect with all classes of the Nigerian society by bringing financial services closer to them”.

The bank will be able to broaden the value-added services it offers customers as well as provide an alternative to transferring money, mainly for those in rural areas who do not have access to proper banking facilities.

Executive vice president for Europe, Africa and Emerging Channels of MoneyGram International, Carl Olav-Scheible, stated that MoneyGram will continue to add value to its services, while also providing remittance services to its growing number of customers.

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