The Western Union Company announced on Monday the launch of a new mobile money transfer service in Nigeria that will allow Paga users to receive a WU money transfer directly into their accounts.
Consumers can withdraw funds using Paga’s platform by sending it to a bank account, making an ATM withdrawal or through one of 4,000 Paga agents across the country. Funds can also be received at a participating Western Union agent.
“Paga continues to execute on its strategy of simplifying payments for all Nigerians – whether you are a business or an individual,” Tayo Oviosu, the founder and CEO of Paga, said. “This relationship extends our services to the world – now anyone across the globe who needs to send money to Nigeria can ‘Just Paga it’ through Western Union. Paga is proud to work with Western Union and we look forward to continuing to deliver innovative money movement services to Nigerians worldwide.”
Remittance transfers for mobile pick-up through Paga can be sent at westernunion.com in more than 20 countries or at participating agent locations around the world.
According to the World Bank, Nigeria posted more than $21 billion in remittance transfers during 2012, representing nine percent of the country’s GDP.
“Western Union continues to expand its mobile footprint as part of our omni-channel strategy, which facilitates financial inclusion for consumers who may not have access to traditional banking products,” Khalid Fellahi, the senior vice president and general manager of Western Union Digital, said. “We are very pleased to expand the reach of our digital offerings in Nigeria, and we remain committed to building our mobile network and expanding access points for Western Union services in strategic markets around the world.”