FirstBank Launches New Money Transfer Service

In a bid to strengthen its dominance of international money transfer and give its customers wide range of options, First Bank of Nigeria Limited (FirstBank) has partnered with Trans-Fast Remittance LLC, a global money transfer company and owner of Trans-Fast money transfer brand, to provide money transfer services to families and friends through the over 700 branches of the Bank in Nigeria. The new partnership, brings to four the number of international money transfer platforms offered by the Bank. Others include Western Union money transfer, MoneyGram and Ria money transfer.

According to the new agreement signed in Lagos between executives of FirstBank and Trans-Fast Remittance, Trans-Fast, which has over 20 years’ experience in money transfer and operations in over 90 countries will make its over 200,000 global network available for FirstBank customers to transfer money directly via the internet while also allowing beneficiaries of international money transfer get money directly into their accounts in any currency through any of the FirstBank branches nationwide.

According to Head, Marketing & Corporate Communication FirstBank, Mrs. Folake Ani-Mumuney, with the Trans-Fast platform, customers will have the options of sending money directly to the receivers account, online transfers as well as cash pick-up at any of the FirstBank branches, adding that Trans-Fast is currently live on and customers can visit this site and initiate the money transfer process by following the steps. “Money Transfer can be done in Euro, GBP, USD or NGN, while third party transfers can also be done to other bank accounts”, she added.

Samish Kumar, CEO of Trans-Fast Remittance, LLC  said the partnership with FirstBank joins two industry leaders with mutually complimentary and formidable qualities that will markedly enhance the quality of services provided to Nigerian remitters around the world.

“Trans-Fast has always offered excellence in the products and services we provide our clientele; this new partnership elevates quality and convenience of service for our customers, to provide value that is resoundingly unquestionable”, he said.

FirstBank also offers a vast array of alternative channels payments such as its FirstOnline payment platform, its naira MasterCard and FirstTravel card for its customers on the go. “At FirstBank, we are relentlessly deepening our retail dominance with the launch of innovative services, tailored to suit the dynamics of the time and changing lifestyles of our customers” she said.

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