Moniepoint has introduced MonieWorld, a remittance service tailored for the UK’s African diaspora, notably aiding the Nigerian community. This service facilitates fast and cost-effective money transfers without transaction fees, bolstering Nigeria’s economy through increased remittances. Customers enjoy various payment options, enhancing convenience and financial inclusion.
MonieWorld aims to tap into the estimated £9.3 billion UK remittance flow, significantly benefiting Nigeria’s economy. This service not only supports household finances but also enhances foreign exchange liquidity. With MonieWorld, Moniepoint strengthens its position as a leader in digital financial services, offering a comprehensive suite to meet the diaspora’s needs.
Key Takeaways:
- No transaction fees on remittances for the Nigerian diaspora in the UK.
- Multiple payment methods, including Apple Pay and Google Pay, ensure convenience.
- The service aims to spur UK-Nigeria trade and support Nigeria’s $20bn remittance market.
MonieWorld is a promising development, potentially transforming remittance experiences for the Nigerian diaspora. What innovative solutions would you like to see in financial services for diasporas? Share your thoughts!
