Union
Bank, Nigeria’s leading innovative financial institution has partnered
with Ria Money Transfer (“Ria”), one of the largest money transfer
companies in the world, to offer money transfer
pay-out services across Nigeria.
Bank, Nigeria’s leading innovative financial institution has partnered
with Ria Money Transfer (“Ria”), one of the largest money transfer
companies in the world, to offer money transfer
pay-out services across Nigeria.
The new
agreement allows Union Bank customers to receive remittances in local
currency at Union Bank payout locations which includes its branches
nationwide. Customers can have funds transferred directly
to their bank accounts, while non-bank customers can collect
remittances in cash through any payout location. In addition to
providing a secure and economical service, Ria’s technology allows
customers to receive remittances within minutes.
agreement allows Union Bank customers to receive remittances in local
currency at Union Bank payout locations which includes its branches
nationwide. Customers can have funds transferred directly
to their bank accounts, while non-bank customers can collect
remittances in cash through any payout location. In addition to
providing a secure and economical service, Ria’s technology allows
customers to receive remittances within minutes.
Speaking
at a media briefing, Union Bank’s Head of Alternate Channels,
Folorunsho Orimoloye, said of the partnership, “Union Bank is proud to
partner with Ria as we are constantly seeking opportunities
to make banking simpler and smarter for our customers.”
at a media briefing, Union Bank’s Head of Alternate Channels,
Folorunsho Orimoloye, said of the partnership, “Union Bank is proud to
partner with Ria as we are constantly seeking opportunities
to make banking simpler and smarter for our customers.”
“With
a network of approximately 314,000 locations spanning 144 countries,
Ria is one of the largest money transfer services in the world. With
this partnership, we will ensure that our customers
have access to this worldwide network, thereby extending the options of
quality remittance services Union Bank offers to all our customers,”
concluded Orimoloye.
a network of approximately 314,000 locations spanning 144 countries,
Ria is one of the largest money transfer services in the world. With
this partnership, we will ensure that our customers
have access to this worldwide network, thereby extending the options of
quality remittance services Union Bank offers to all our customers,”
concluded Orimoloye.
Ria’s
CEO and President, Juan Bianchi, said, “Ria is pleased to partner with
Union Bank and expand our reach in Nigeria, the number
one remittance receiving country in Africa and top five receiving
country globally. Our secure and economical bank-deposit and cash
pay-out service with Union Bank now provides more choice to customers
living in the diaspora that are seeking a reliable option
to send remittances home to their loved ones.”
CEO and President, Juan Bianchi, said, “Ria is pleased to partner with
Union Bank and expand our reach in Nigeria, the number
one remittance receiving country in Africa and top five receiving
country globally. Our secure and economical bank-deposit and cash
pay-out service with Union Bank now provides more choice to customers
living in the diaspora that are seeking a reliable option
to send remittances home to their loved ones.”
The World Bank
reports that Nigeria received $20.5 billion in remittances in 2015
making it the fifth largest receive country for migrant remittances. Top
countries sending to Nigeria include the United
Kingdom and United States where many Nigerians reside. Ria has a strong
sending network in both countries, with customers in the United States
also able to send money to Nigeria through
www.riamoneytransfer.com.
reports that Nigeria received $20.5 billion in remittances in 2015
making it the fifth largest receive country for migrant remittances. Top
countries sending to Nigeria include the United
Kingdom and United States where many Nigerians reside. Ria has a strong
sending network in both countries, with customers in the United States
also able to send money to Nigeria through
www.riamoneytransfer.com.
About Union Bank
Established in 1917 and listed on the
Nigerian Stock Exchange in 1971, Union Bank is a household name and one
of Nigeria’s long-standing and most respected financial institutions.
The Bank is
a trusted and recognizable brand, with an extensive network of over 300
branches across Nigeria.
Nigerian Stock Exchange in 1971, Union Bank is a household name and one
of Nigeria’s long-standing and most respected financial institutions.
The Bank is
a trusted and recognizable brand, with an extensive network of over 300
branches across Nigeria.
In late 2012, a new Board of Directors and
Executive Management team were appointed to Union Bank and in 2014 the
Bank began executing a transformation programme to re-establish it as a
highly
respected provider of quality financial services.
Executive Management team were appointed to Union Bank and in 2014 the
Bank began executing a transformation programme to re-establish it as a
highly
respected provider of quality financial services.
The Bank currently offers a variety of
banking services to both individual and corporate clients including
current, savings and deposit account services, funds transfer, foreign
currency domiciliation,
loans, overdrafts, equipment leasing and trade finance. The Bank also
offers its customers convenient electronic banking channels and products
including Online Banking, Mobile Banking, Debit Cards, ATMs and POS
Systems.
banking services to both individual and corporate clients including
current, savings and deposit account services, funds transfer, foreign
currency domiciliation,
loans, overdrafts, equipment leasing and trade finance. The Bank also
offers its customers convenient electronic banking channels and products
including Online Banking, Mobile Banking, Debit Cards, ATMs and POS
Systems.
For more information about Union Bank, please visit
www.unionbankng.com
www.unionbankng.com
About Ria Money Transfer
Ria,
a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global
leader in money remittances. Ria offers fast, secure, affordable money
transfers through a network of approximately
314,000 global agents spanning 144 countries and online at
www.riamoneytransfer.com. The company is steadfast in its commitment to its customers and remains ingrained within the communities in which they live.
a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), is a global
leader in money remittances. Ria offers fast, secure, affordable money
transfers through a network of approximately
314,000 global agents spanning 144 countries and online at
www.riamoneytransfer.com. The company is steadfast in its commitment to its customers and remains ingrained within the communities in which they live.