Nigerians can now receive dollar cash through WorldRemit transfer

Considering that there are more than 20 million Nigerians living abroad and CBN policy that allow international money transfers to be paid in foreign currency. WorldRemit moved to quickly adapt the new requirements, so that it is the first digital service to offer its customers worldwide the option of USD cash pickup in Nigeria.

The digital cross-border payments business, has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its cash pick up provider sequel to Central Bank of Nigeria (CBN) announcement.

WorldRemit customers can now send money to Nigeria seamlessly. they have added a new option to send dollar,pounds,europe and other currency for cash pick up to approximately 3,500 cash payment points around Nigeria. This will make international payments more convenient for Nigerians during this holiday season.

The decision by the Central Bank of Nigeria (CBN) to allow international money transfers to be paid in foreign currency, is aimed at providing increased liquidity in the foreign exchange market. The bank explained that the new regulation is part of its efforts to liberalize, simplify and improve the receipt and administration of diaspora remittances into Nigeria.

The Central bank of Nigeria explained that the new regulation is part of its efforts to liberalize, simplify and improve the receipt and administration of diaspora remittances to Nigeria.

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