MoMo Payment Service Bank, MTN Nigeria’s fintech arm, has partnered with Thunes, a Singapore-based cross-border payments platform, to enable its 2.7 million users to receive international money transfers instantly. The partnership connects MoMo users to eight remittance corridors, including the USA, UK, Canada, France, Australia, Saudi Arabia, Israel, and South Africa.
How it’d work: By joining Thunes’ Direct Global Network, which spans over 130 countries and 80+ currencies, MoMo PSB users can now receive funds from abroad in real time.
Between the lines: Nigeria’s remittance market continues its upward climb. World Bank data shows inflows jumped 9% in 2024 to hit $20.9 billion. MoMo PSB is positioning itself as a key gateway for diaspora money flowing into Nigeria’s digital economy.
The big picture: Thunes’ network connects over 7 billion wallets and 320 payment methods globally, including major platforms like M-Pesa, GCash, and WeChat Pay. For MoMo PSB, this partnership deepens its financial inclusion mandate by making global remittances as simple as a local transfer; instant, transparent, and affordable.
