Sterling Bank has partnered with Thunes to drive easy-access international payments for Nigerians in the diaspora. This alliance ultimately ushers in a new standard for cross-border payments, empowering Nigerians abroad with a quicker and simpler method of sending funds home.
With an estimated 17 million Nigerians living and working abroad, demand for fast, transparent and dependable financial connections to home has never been greater.
By leveraging Thunes’ Direct Global Network, Sterling Bank is rolling out this enhanced capability across multiple European markets, giving customers abroad a more consistent way to support their families and manage finances.
Thunes is a smart superhighway highway to move money around the world.
This alliance means that new and existing Sterling Bank account holders can now enjoy seamless, instant payments across borders.
Recent research released by Thunes revealed that for nearly half (46%) of diaspora consumers across Europe, sending money home is a regular and essential financial activity, comparable to paying rent or utilities.
Speaking on the development, SVP, Sales – Africa at Thunes, Daniel Parreira, said:
“Welcoming Sterling Bank to our Direct Global Network marks another significant milestone in our expansion across Africa, and the trust in our infrastructure across the continent. Together, we’re enabling a new level of convenience, speed, and confidence for customers managing finances across borders. This alliance demonstrates our ongoing dedication to making global money movement instant, transparent and accessible for all.”
Head, Switch & Remittances at Sterling Bank, Ayodeji Saba, said the partnership reflects the bank’s commitment to easing cross-border payment.
“This partnership reflects Sterling Bank’s deep commitment to making it easier for Nigerians abroad to send money home. With Thunes’ trusted technology, we’re giving our customers a faster, more reliable, and more affordable way to fund their Sterling Bank accounts from their foreign bank accounts. It’s a major step forward in improving the experience for our diaspora community,” Saba stated.