NIGERIA
Mukuru , one of Africa ’ s leading fintech providers , introduces pioneering Naira bank top-ups to streamline remittances in Nigeria . Simplifying USD-to-Naira conversions , this innovation addresses customer pain points and caters to Nigeria ' s vast remittance market , promoting financial inclusion and growth in the region . Tendai Tizirai , Market Development Manager at Mukuru discusses the progressive step for the company and how the development will support those operating in Naira .
MUKURU BECOMES THE FIRS COMPANY IN AFRICA TO RE-I PAYOUTS DIRECTLY INTO NIG
Aerial photo of Abuja City
Our ultimate vision is to create a financially inclusive Africa where remittance is not a hurdle , but a catalyst for growth .
Mukuru , Africa ’ s leading nextgeneration fintech provider , has introduced it ' s pioneering Naira bank top-up feature for customers in Nigeria . The provider that allows customers to move money around Africa and Asia , simplifies the process of sending cash for instant collection or topping up a bank account or mobile wallet . With this latest feature , Mukuru has become the first remittance company in Africa to reintroduce Naira payouts directly into bank accounts in Nigeria .
In a move that aims to address real-world customer pain points , Mukuru ' s Naira bank top-up product enables consumers to avoid the sub-optimal process of converting received USD into Naira for their everyday transactions . The feature is expected to simplify the remittance process for the numerous immigrants sending funds back home . Notably , Nigeria is the fourth biggest receiver of remittances in the world and the largest in Sub-Saharan Africa .
" Through the introduction of Naira bank top-ups , we are addressing a key need in the Nigerian remittance and payments landscape ," said Tendai Tizirai , Market Development Manager at Mukuru . " By
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