Global Reach: MoMo PSB and Thunes Partner for Real-Time International Remittances

In a major leap for financial inclusion in Nigeria, MoMo Payment Service Bank (MoMo PSB)—the fintech arm of MTN Nigeria—has partnered with Thunes, a global B2B cross-border payment giant. This collaboration allows MoMo’s 2.7 million active users to receive international funds instantly from major global markets directly into their mobile wallets.

As remittance inflows into Nigeria continue to climb—reaching $20.9 billion in 2024—this partnership positions MoMo PSB as a critical gateway for the Nigerian diaspora to support families and businesses back home.

Expanding the Global Corridor

The partnership integrates MoMo PSB into the Thunes Direct Global Network, opening seamless payment corridors from several key regions:

• Americas & Europe: USA, UK, Canada, France.

• Middle East: Saudi Arabia, Israel.

• Africa & Oceania: South Africa, Australia.

Empowering the Digital Consumer

By receiving funds in real-time, MoMo users gain immediate liquidity for essential digital activities, bypassing the traditional delays of brick-and-mortar money transfer operators.

• Everyday Utility: Instant funds for airtime top-ups, utility bill payments, and peer-to-peer (P2P) transfers.

• Digital Commerce: Enabling users to participate more actively in the growing Nigerian e-commerce landscape.

• Financial Inclusion: Reaching millions who may not have traditional bank accounts but rely on MTN’s extensive mobile network.

Leadership Perspectives

“This alliance makes it possible for Nigerians to receive money from abroad instantly, securely, and conveniently. It allows more people to access the global economy.” — Aik Boon Tan, Chief Network Officer at Thunes.

“Joining the Thunes network allows us to deliver on our commitment to financial inclusion by bringing global remittances directly to users’ fingertips.” — Phrase Lubega, CEO of MoMo PSB.

Snapshot: MoMo PSB x Thunes Partnership