MoMo PSB Expands Cross-border Transfers, Deepens Remittance Channels

MoMo Payment Service Bank (MoMo PSB) has expanded its cross-border transfer service by extending outbound coverage to additional African markets, while also deepening inbound remittance capabilities from key international corridors.

The company, which is the financial subsidiary of MTN Nigeria, said the expansion strengthens its role in facilitating seamless international money transfers for individuals and businesses.

MoMo PSB noted that customers in Nigeria can now send money to a broader network of African countries, including Ghana, Benin Republic, Rwanda, Togo, Cameroon, DR Congo, Congo Brazzaville, The Gambia, Côte d’Ivoire, Liberia, Malawi, Zambia, Sierra Leone, Uganda, as well as newly added destinations Kenya and South Sudan.

“On the inbound corridor, customers can conveniently receive international transfers directly into their MoMo wallets from senders across the UK, US, Canada, and Europe.

This development reinforces MoMo PSB’s growing role in enabling fast, secure, and inclusive cross-border payments for Nigerians at home and in the diaspora.”

The company added that the enhanced service offering reflects its ongoing commitment to advancing financial inclusion by simplifying cross-border money transfers.

“Customers benefit from swift transaction processing, competitive exchange rates, secure transfers, and the ease of receiving funds directly into their MoMo wallets, removing many of the delays and frictions traditionally associated with cross-border remittances.

The expansion is driven by strategic partnerships with Brij, Lightway Finance, and Thunes, leveraging their global payments infrastructure to deliver reliable, efficient, and compliant cross-border transfer experiences,” the statement said.

Speaking on the development, executive director, Strategy and Stakeholder Management, MoMo PSB, Usoro Usoro, said the initiative underscores the company’s commitment to deepening access to financial services and strengthening Nigeria’s connection to the global economy.

According to Usoro, the expanded service makes international payments more accessible, affordable, and seamless for individuals and businesses alike.

“Through our partnerships with Lightway Finance and Thunes, we have strengthened our international payments infrastructure to support both outbound and inbound remittances across key corridors. This expansion reflects our commitment to building secure, scalable, and inclusive financial solutions that meet the evolving needs of our customers.”