Diamond Bank PLC, a leading player in the Nigeria retail banking space, has entered into a strategic partnership with MoneyGram International, for the provision of money transfer services.
At the partnership signing ceremony which held at the Bank’s corporate head office in Lekki, Lagos, Executive Director – Retail Banking, Diamond Bank Plc, Mr. Uzoma Dozie disclosed that the partnership was an important milestone in providing secure and accessible money transfer services to meet the needs of the Bank’s customers.
According to him, “When we began money transfer services, the initial focus was to provide efficient transfer services to our customers trading across Nigeria so we spent about sixty percent of our equity in building a convenient and accessible platform. Today, we are taking it to a different dimension and widening the platform to embrace Nigerians in the Diaspora.”
Executive Vice President, US & Canada, Peter Ohser, who led the team from MoneyGram International, noted that the partnership was a great occasion for Nigerians both at home and in the diaspora.
He said: “Nigeria is a big market and records from the World Bank show that about 20 billion naira comes into the country annually. Most of this money is required to meet important needs such as healthcare, school fees and other challenges. Customers from all over the world want to send money to Nigeria and MoneyGram considers it a priviledge to enter into this partnership with Diamond Bank Plc to help Nigerians meet their money transfer needs even to the remotest parts of the country.”
Divisional Head, Transaction & e-Banking, Diamond Bank Plc, Mr. Daniel Akumabor, said that Diamond Bank has a track record of being the fastest growing bank on similar platforms it had partnered previously.
He, therefore, assured the MoneyGram team to expect significant growth on the platform deriving from the partnership with the bank. He further disclosed that the choice of MoneyGram was because the brand resonated well with the Bank’s target customers.
Executives present at the meeting include: Premier Oiwoh, Director, Operations & IT, Diamond Bank Plc; Jude Anele, Head, Retail Banking, Diamond Bank Plc; Herve Chomel, Vice President Africa & Emerging Channels, MoneyGram International; Juan Melendez, Vice President, Retail Partnerships, MoneyGram International; and Nahul Chandarraju, Vice President, Key Partnerships, MoneyGram International.
Others are: Isioma Gogo-Anazodo, Head, Compliance; Chekwube Ohaeri, Head, Money Transfer Services (both of Diamond Bank Plc); Hal Grofeim, Vice President, Marketing, US & Canada; Janice Ong, Director, Corridor Development, US & Canada Outbound, MoneyGram International and Pharis Moenya, Marketing Manager, African Corridors, US & Canada.
