Western Union, Payment Platform Target Nigeria In Africa Remittance Expansion

Global money transfer firm Western Union and digital payments platform dLocal are targeting Nigeria as part of plans to expand their remittance payout partnership across Africa, following the launch of the expanded service in Cameroon.
The proposed expansion could widen access to digital remittance services in Nigeria by enabling recipients to receive money through bank transfers and digital wallets, subject to the companies’ plans and applicable regulatory requirements.
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The development comes as remittances remain a significant source of foreign exchange ...