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NIPOST begins Western union money transfer service

Published

4 years ago

June 10, 2020

The Nigerian Postal Service (NIPOST) says it has commenced WESTERN UNION (WU) Money Transfer and Payments services in it’s Post Offices beginning with a pilot scheme at the Victoria Island Post Office and Marina Post office in Lagos State.

NIPOST is offering the services in collaboration with INTERCHANGE, a multi-national financial services network and the Western Union.

For effective and efficient service delivery to the citizenry, the NIPOST said it plans to leverage on its workforce and over 1400 Post Office outlets and postal agencies to reach out to millions of Nigerians, especially the unbanked and underserved areas of the country.

WESTERN UNION is a global leader in cross-border, cross-currency money movement and payments, with a large network of retail agent locations in more than 200 countries and territories.

While unveiling the scheme, the Postmaster General of the Federation, Dr Ismail Adebayo Adewusi expressed satisfaction with the tripartite arrangements, stressing that the operations could not have come at a better time than now.

The Postmaster General said NIPOST was reordering its operations with a view to exploring more avenues that will also expand its business opportunities and increase patronage of its products and services during and beyond the post COVID19 era.

Speaking also on the pilot scheme, the Managing Director of INTERCHANGE Africa, Adrian Coetzee, expressed delight at the development and described it as a great opportunity to partner with NIPOST and that his company would leverage on its existing relationship with NIPOST to jointly add value to Nigerians, while assuring Nigerians of efficient management of the service“

On his part the INTERCHANGE Chairman, Alastair Holberton said “Through the trusted environment of the Post Office, these services will provide an enormous benefit and convenience to communities throughout Nigeria.”

The roll out is expected to commence on a pilot scheme from the Victoria Island Post Office on Adeola Odeku Street.

Fellow JV Board member, Ade Orekoya added that “Nigeria is the largest and most dynamic remittance market in Africa; we have the product, we have the expertise, and now we can leverage on NIPOST to reach out to a wider audience.”