Fintech promises, yet again, to fix sending money home. Thunes, a global payments network, partnered with Nigeria's Sterling Bank. Their goal is simpler cross-border payments for Nigerians living abroad, starting in Europe. This uses the Thunes direct network for moving cash. People can instantly fund Sterling accounts from foreign banks.
The service targets a huge diaspora, about seventeen million Nigerians outside the country. For nearly half of these consumers in Europe, sending cash home is a regular necessity like paying rent. Sterling says this offers a faster and more reliable method than old options. Both new and existing bank customers get access.
Executives made the standard partnership quotes. A Thunes sales lead for Africa, Daniel Parreira, called it a milestone for their African expansion. He talked about enabling speed and confidence. Sterling Bank's head of switch and remittances, Ayodeji Saba, stated it reflects their commitment to the diaspora. He emphasized their use of trusted technology.
The usual talk about financial inclusion and empowerment followed. Thunes frames this as part of connecting emerging markets globally. The alliance supposedly creates a new standard for these transactions. It aims to give people abroad better control over finances for their families back home.
The service targets a huge diaspora, about seventeen million Nigerians outside the country. For nearly half of these consumers in Europe, sending cash home is a regular necessity like paying rent. Sterling says this offers a faster and more reliable method than old options. Both new and existing bank customers get access.
Executives made the standard partnership quotes. A Thunes sales lead for Africa, Daniel Parreira, called it a milestone for their African expansion. He talked about enabling speed and confidence. Sterling Bank's head of switch and remittances, Ayodeji Saba, stated it reflects their commitment to the diaspora. He emphasized their use of trusted technology.
The usual talk about financial inclusion and empowerment followed. Thunes frames this as part of connecting emerging markets globally. The alliance supposedly creates a new standard for these transactions. It aims to give people abroad better control over finances for their families back home.
