Western Union Extends Int’l Money Transfer Services To Afrinvest Users

Western Union has extended international money transfer services to Optimus by Afrinvest users.
Nigerians living abroad can now conveniently send funds through Western Union services directly into their Afrinvest accounts accessible through the app. The Optimus by Afrinvest platform offers customers the ability to save, invest and spend.

Through this launch, users of Optimus by Afrinvest can leverage Western Union’s extensive network of digital and retail platforms to send money to their Afrinvest accounts. Once transferred, these funds can be used to invest in Afrinvest’s portfolio of services such as bonds, treasury bills, mutual funds, and other financial instruments approved by the Securities and Exchange Commission(SEC), Nigeria.
“We are excited to expand our services to support diverse financial needs,” said Regional vice president of Africa, Western Union, Mohamed Touhami el Ouazzani,. “Our collaboration with Afrinvest aligns with our commitment to supporting Nigerians worldwide in building a financial future at home. This marks a step forward in expanding the purpose of remittances, empowering individuals to not only support daily needs but also invest in wealth-building opportunities for a sustainable future,” he pointed out.

The collaboration, according to market observers, helps address a longstanding need for Nigerians around the world who seek to invest in Nigeria’s financial instruments. It expands opportunities for Nigerians abroad, supporting their broader goals for economic growth.

To the group managing director, Afrinvest. Dr. Ike Chioke, “Afrinvest is proud to collaborate with Western Union on this innovative initiative,” said“We are committed to simplifying investment processes and creating opportunities for Nigerians abroad. With this launch, we are opening up new financial possibilities and empowering a global Nigerian community.”

Currently, over 17 million Nigerians are living abroad, which means that remittances play a critical role in supporting families and local economies.

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The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency.

Afrinvest (West Africa) Limited is a capital market holding company active in six principal areas: investment banking, securities trading, asset management, trust services, consultancy, and technology.