FBNBank Ghana and Remitly Money Transfer have launched a partnership that would make it easier for Ghanaians to receive international money transfers from over 145 countries globally, including 40 African nations.
The agreement would allow those living abroad to send money to their families and friends in Ghana via FBNBank Ghana.
According to Mr. Victor Y. Asante, MD/CEO of FBNBank, the partnership with Remitly Money Transfer will support the bank’s agenda of facilitating seamless money transfers to every resident in the country.
“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.”
Mr. Victor Y. Asante
Customers and users of Remitly money transfer at FBNBank, he said, 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.
More so, according to Statista, an online platform specialized in market and consumer data, in 2022, personal remittances received covered 6.1 percent of the country’s Gross Domestic Product (GDP) and this has helped reduce poverty, enabled capital imports, and improved living conditions.
Operations Carried Out By Remitly, FBNBank
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. The service it offers is estimated to help millions of Ghanaians to meet financial commitments and support families that depend heavily on these remittances.
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 partnership is also expected to promote digital remittances in Ghana, while making more people financially included.
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.
