Thunes, the Smart Superhighway to move money around the world, announced a landmark collaboration with Sterling Bank, one of Nigeria's leading full-service commercial banks, to drive easy-access cross-border 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.
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.
