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Cross-Border Payments for Nigerians in the Diaspora have reached a new milestone with the landmark collaboration between Thunes and Sterling Bank. Thunes, the Smart Superhighway to move money around the world, has partnered with Sterling Bank, one of Nigeria’s leading full service commercial banks, to deliver easy access cross-border payments for Nigerians in the diaspora. This strategic alliance sets a new standard in global remittances, providing faster, simpler, and more reliable ways for Nigerians abroad to send funds home.
With an estimated 17 million Nigerians living and working abroad, the need for fast, transparent, and dependable cross-border payments for Nigerians in the diaspora has grown significantly. Thunes’ Direct Global Network powers this initiative, enabling Sterling Bank to extend enhanced services across multiple European markets. This allows customers abroad to support their families and manage finances with greater consistency and efficiency.
New and existing Sterling Bank account holders now benefit from seamless, instant cross-border payments for Nigerians in the diaspora. Recent research from Thunes shows that nearly half (46%) of diaspora consumers in Europe view sending money home as a regular and essential activity, similar to paying rent or utilities. This highlights the critical role of reliable cross-border payments for Nigerians in the diaspora in everyday financial life.
Daniel Parreira, SVP, Sales – Africa at Thunes, stated that welcoming Sterling Bank to the Direct Global Network represents a key milestone in expanding across Africa and building trust in the company’s infrastructure. Together, the partners are delivering greater convenience, speed, and confidence in managing finances across borders, aligning with Thunes’ commitment to making global money movement instant, transparent, and accessible for everyone.
Ayodeji Saba, Head, Switch & Remittances at Sterling Bank, emphasized that this partnership demonstrates the bank’s dedication to simplifying how Nigerians abroad send money home. Leveraging Thunes’ trusted technology, Sterling Bank offers customers a faster, more reliable, and more affordable option to fund their accounts directly from foreign bank accounts. This advancement significantly improves the experience for the diaspora community through better cross-border payments for Nigerians in the diaspora.
The collaboration underscores the shared focus of Thunes and Sterling Bank on financial inclusion and community empowerment. By enhancing cross-border payments for Nigerians in the diaspora, the partners help individuals gain better financial oversight and spend more effectively. This initiative also advances Thunes’ broader mission to connect the next billion users in emerging markets to the global economy.
This partnership marks an important step forward in addressing the challenges of traditional remittances, such as delays and high costs, while promoting inclusive financial services for the Nigerian diaspora worldwide. For more details on global payment innovations, explore resources from Thunes or Sterling Bank’s official channels.
