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A press release reaching us today states that WorldRemit,a global money transfer app, today introduced instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than 140 cash pickup locations in Nigeria, instantly.

People in more than 50 countries can use the app to send to Nigeria. Recipients can collect money instantly from 140 branches of Skye Bank. WorldRemit customers currently send over 400,000 transactions every month.

Nigerians living abroad sent home $20.8 billion in 2015, by far the largest volume of remittances to any country in Africa and the 6th largest in the world, according to the World Bank.[1]

Ismail Ahmed, WorldRemit’s CEO & Founder, comments: “Gone are the days of queuing in line at a high-street transfer shop and waiting several days for a money transfer to arrive. At WorldRemit, we offer people a choice of the most convenient ways to send and receive money. Today, Nigerians can use our app or website to send money to a bank account or cash pickup location, instantly.”

In February 2015, WorldRemit received a $100m funding round led by Technology Crossover Ventures, early investors of Facebook, Spotify, and Dropbox.

In June 2015, WorldRemit was recognised by United Nations agency IFAD for shaking up the global money transfer industry. WorldRemit offers a convenient mobile service and low minimum fees, allowing people to send smaller amounts, more frequently: Fees for transfers to Nigeria start at 0.95 EUR and 0.99 GBP respectively.

 

 

 

 

 

 

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

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