MTN’s MoMo PSB seals deal with Thunes to expand cross-border payments for Nigerians
MoMo Payment Service Bank (MoMo PSB), the fintech platform of Nigeria’s largest mobile network operator, MTN, has inked a strategic partnership with Thunes, a global B2B platform for cross-border payments, to enable its users to receive funds from abroad instantly.
The partnership significantly expands MoMo’s international remittance capabilities, allowing users to receive money from key markets including the USA, UK, Canada, France, Australia, Saudi Arabia, Israel, and South Africa.
This collaboration allows MoMo’s approximately 2.7 million Nigerian users access to international funds in real time, useful for everyday transactions such as buying airtime, paying bills, sending money to family and friends, or engaging in digital commerce.
MoMo PSB, now a member of Thunes’ Direct Global Network, provides a broad range of digital financial services, including payments, e-commerce, insurance, and remittances. As part of Nigeria’s largest mobile network, MoMo PSB also provides millions of Nigerians with convenient, secure, and scalable digital financial solutions.
