FBNBank Ghana and Remitly Money Transfer have announced a partnership that will make it easier for residents of Ghana to receive international money transfers from over 145 countries worldwide including 40 African nations.
The partnership will afford the diaspora community the opportunity to transfer money to their families and friends back home in Ghana through FBNBank Ghana.
Remitly Money Transfer is a digital based remittance service and the partnership with FBNBank will allow beneficiaries to receive remittances via cash pick-up at any of the 25 networked FBNBank branches and agencies across Ghana.
It is an affordable, reliable, and fast way to send money to Ghana and the service it offers is estimated to help millions of Ghanaians to meet financial commitments and support families that depend heavily on these remittances.
This partnership is also expected to promote digital remittances in Ghana while making more people financially included.
FBNBank, with its network of branches and passionate teams across the country, is committed to innovating its digital products to provide convenience and ease of banking for its customers.
The collaboration with Remitly, therefore, supports FBNBank’s dedication to innovation and increasing financial inclusion.
Mr. Victor Y. Asante, MD/CEO of FBNBank said, “the partnership with Remitly Money Transfer will support the bank’s agenda of facilitating transfer of money to every resident in the country in a seamless process. The collaboration will position FBNBank as the leading partner in the money transfer business in Ghana and aid the Bank’s efforts to mobilize remittances from Ghanaians in the diaspora for beneficiaries back in Ghana.
As a Bank, we continue to develop these products because we remain committed to delivering the Gold Standard of Value and Excellence to our customers by putting their needs first. This partnership rightly addresses that Customer Promise we have made and are committed to delivering on.”
Customers and users of Remitly money transfer at FBNBank will benefit from reducing the risks of money laundering and advancing responsible financial inclusion of migrants and their beneficiaries, accelerating the transformation of rural households, and increased convenience for and empowerment of users.
According to Statista, an online platform specialized in market and consumer data, in 2022, personal remittances received covered 6.1 per cent of the country’s Gross Domestic Product (GDP) and this has helped reduce poverty, enable capital imports, and improve living conditions.
FBNBank has in its 27 years of operating in Ghana remained focused on putting its customers and communities first. This, it has sought to do through the rich value and excellence of what the Bank contributes to the relationship with its stakeholders, particularly the customers.
Latest Stories
-
GFA appoints Zito, Preko and Amadu to take charge of newly created male national teams
2 mins -
Today’s front pages: Tuesday, April 23, 2024
36 mins -
Siblings remanded over alleged missing penis
38 mins -
174 countries to gather in Ottawa for pivotal talks on plastic pollution
42 mins -
6 tiny tricks that make you immune to disappointment
44 mins -
Dumsor: Energy sector needs a leader, says Nana Amoasi VII
45 mins -
Reality zone with Vicky Wireko: Ending malaria: Optimism as world marks Malaria Day
48 mins -
Frema Opare supports Asanteman queen mothers with GH¢200k donation
5 hours -
Government is committed to connecting every region with rail line – Peter Amewu
5 hours -
Chief of staff appeals to Asantehene for support in Affirmative Action Bill passage
5 hours -
PAC orders Wa East DCE to release MP’s common fund with immediate effect
5 hours -
Ghana will not bear the cost of repairing faulty train – Railways Minister
5 hours -
You’re not an engineer; we inspected rail tracks before test run – Amewu tells Mahama
6 hours -
Photography, music and networking: Twinsdntbeg leads the way
7 hours -
Man, 20, electrocuted after heavy rainstorm in Central Tongu District
7 hours