Earthport has partnered with Access Bank, one of Africa's foremost financial institutions, to provide delivery of cross-border payment services into Nigeria.
Access Bank is one of Nigeria's leading financial institutions and has a strong focus on servicing the Nigerian diaspora. Earthport said this new payment channel had been created in direct response to the need for more effective servicing of remittances and low-value payments sourced from outside the country, which now totalled an estimated US$19 billion per year, representing 4.7% of the country's GDP.
Earthport said the partnership was part of its longer term strategy of expansion into the African continent.
Source: StockMarketWire
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