Diamond Bank Plc has entered into a strategic partnership with MoneyGram International for the provision of money transfer services.
A statement by the bank stated that the Executive Director, Retail Banking, Diamond Bank, Mr. Uzoma Dozie, said the partnership was an important milestone in providing secure and accessible money transfer services to meet the needs of the bank’s customers.
Dozie said, “When we began money transfer services, the initial focus was to provide efficient transfer services to our customers trading across Nigeria so we spent about sixty percent of our equity in building a convenient and accessible platform. Today, we are taking it to a different dimension and widening the platform to embrace Nigerians in the Diaspora.”
The statement quoted the Executive Vice-President, United States and Canada, MoneyGram, Mr. Peter Ohser, as also saying that the partnership was a great occasion for Nigerians both at home and in the Diaspora.
He said, “Nigeria is a big market and records from the World Bank show that about N20bn comes into the country annually. Most of this money is required to meet important needs such as healthcare, school fees and other challenges.
“Customers from all over the world want to send money to Nigeria and MoneyGram considers it a privilege to enter into this partnership with Diamond Bank Plc to help Nigerians meet their money transfer needs even to the remotest parts of the country.”
The Divisional Head, Transaction and e-Banking, Diamond Bank, Mr. Daniel Akumabor, was also quoted as saying that the bank had a track record of being the fastest growing bank on similar platforms it had partnered previously.
Akumabor promised the MoneyGram team to expect significant growth on the platform deriving from the partnership with the bank.
He argued that the money transfer firm was chosen because its brand resonated well with the bank’s target customers.