FBN Bank launches MoneyGram service

The FBN Bank, Ghana has launched MoneyGram international services to enhance accessibility to financial services for their clients across the country.

Mr Seyi Oyefeso, Managing Director, FBN Bank, Ghana, at the launch in Accra on Friday, said the introduction of the service was one of the ways the group was ensuring easy and fast cash transfer across the sub-region.

He said the service gave the banking public the opportunity to also enjoy accelerated, safe, accessible and seamless receipt of funds from abroad through MoneyGram at the bank, thereby, contributing immensely to the systematic development of the national economy.

Mr Oyefeso said with the global presence and acceptability in over 200 countries and territories, about 339,000 agent location, MoneyGram provided enormous opportunities for Ghanaians to receive funds from love ones across the globe.

“Potential target audience is wide-ranging, spanning salary earners, students and everybody whose love ones were in the Diaspora, high network individual, rural dwellers and business people resident or visiting Ghana,” he said.

He said the launch of the service was an addition to their money transfer platforms after the launch of the Bank in Ghana, indicating that this would leverage the various e-platform capabilities of the bank.

Mr Oyefeso said MoneyGram’s international and domestic money transfer services were an affordable, convenient option to traditional banking and credit card, allowing the unbanked population to receive money around the world without a bank account.

He said the bank would further leverage on the expanding opportunities in money transfer to provide exceptional services to benefit the teeming customers as they expanded to serve them.

He urged customers to be vigilant and safe and always remember not to disclose their online banking password, token numbers and ATM PIN to anyone.

Madam Kemi Okusanya, Regional Manager, MoneyGram Anglophone West Africa, said the partnership with the bank would bring more options to Ghanaians.

She said some of the features of the service at the bank included accessibility, safety, security, availability and speed.

She said MoneyGram, one of the largest money transfer operators in the world, was poised to change the face of conventional cash transfer in Ghana’s financial services sector.

Madam Okusanya expressed the hope that the signing of the partnership with the bank was the beginning of future engagements to develop the financial industry. GNA

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