{"id":49030,"date":"2021-05-18T09:27:04","date_gmt":"2021-05-18T08:27:04","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=49030"},"modified":"2021-05-18T09:27:04","modified_gmt":"2021-05-18T08:27:04","slug":"worldremit-to-continue-offering-naira-4-dollar-in-nigeria","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/worldremit-to-continue-offering-naira-4-dollar-in-nigeria\/","title":{"rendered":"WorldRemit To Continue Offering Naira 4 Dollar In Nigeria"},"content":{"rendered":"

…Customers will continue to receive \u20a65 for every US$1 received through the WorldRemit platform<\/p>\n

\u00a0<\/b>WorldRemit<\/a>, a leading global cross-border payments company, will continue to reward customers who receive international money transfers through partner banks in Nigeria.<\/p>\n

As one of the fully-registered and licenced IMTOs operating in Nigeria, money transfers made through WorldRemit will benefit from this incentive. WorldRemit customers will receive \u20a65 for every US$1 received through the fully digital international payments platform, thereby increasing the value of payouts for recipients.<\/p>\n

This follows the extension of the Central Bank of Nigeria\u2019s (CBN) Naira for Dollar scheme. The scheme, which was launched on March 8 2021, will run indefinitely following a\u00a0notice<\/a> released by the apex bank.<\/p>\n

The Naira 4 Dollar scheme was launched as a strategy to maintain the increased levels of payments recorded earlier in the year and encourage the use of licensed International Money Transfer Operators (IMTO) like WorldRemit. The CBN believes this incentive will improve FX inflows and boost liquidity in the foreign exchange market.<\/p>\n

Commenting on this development,\u00a0Gbenga Okejimi, Country Manager for Nigeria and Ghana at WorldRemit,<\/b>\u00a0said:\u00a0\u201cThe CBN\u2019s decision to extend its Naira for Dollar scheme is indeed a development we will continue to support. We are delighted to be part of an initiative that presents a win-win situation for all key parties involved including the government, the senders and the recipient who receives a higher value of payout than expected.<\/i><\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cCustomer and community satisfaction form a key aspect of our operations and we will continue to support this and similar initiatives as they present themselves.\u201d<\/i><\/p>\n

As part of efforts to fulfil its transformative role as a fintech company that drives economic growth for the benefit of recipients and senders alike, WorldRemit continues to quickly adapt to and implement regulatory directives that are beneficial to customers.<\/p>\n

Last year,\u00a0WorldRemit was the first IMTO to implement CBN\u2019s Naira 4 Dollar<\/a>\u00a0directive to deliver bank transfers in USD for all recipients in Nigeria, and currently has one of the broadest and largest USD payout networks across the country.<\/p>\n

\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

WorldRemit, a leading global cross-border payments company, will continue to reward customers who receive international money transfers through partner banks in Nigeria.<\/p>\n","protected":false},"author":6,"featured_media":49032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[4624],"coauthors":[2391],"class_list":["post-49030","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-worldremit"],"yoast_head":"\nWorldRemit To Continue Offering Naira 4 Dollar In Nigeria - National Wire<\/title>\n<meta name=\"description\" content=\"WorldRemit, a leading global cross-border payments company, will continue to reward customers who receive internationa\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/worldremit-to-continue-offering-naira-4-dollar-in-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WorldRemit To Continue Offering Naira 4 Dollar In Nigeria - 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