CBN licenses 10 more international money transfer operators

The Central Bank of Nigeria (CBN) has added 10 others to its existing list of licensed International Money Transfer Operators (IMTO) in the country, bringing their total number to 57.

They include Swift Payment, Direkt Wire UK Limited, Gabtrans UK Limited (all United Kingdom-based) and seven others from Australia, the United States of America and Nigeria.

The apex bank disclosed this in a document titled “Updated list of International Money Transfer Operators in Nigeria as of April 01, 2021,” shared via its website.

International Money Transfer Operators In Nigeria as at April 01, 2021…https://t.co/2VqzxwLWIu

— Central Bank of Nigeria (@cenbank) April 26, 2021

The full list of the 10 newly licensed money transfer operators in Nigeria include:

GDM Transfer PTY Limited; Innovate 1 Pay Limited; Paysend Plc; Sanaa Capital LLC (Money4 Diaspora Services LLCs); Swift Payment Limited; Transfer Corp Limited / VFD Group; Wi-pay Global LLC; Gabtrans UK Limited in partnership with Moneyto Limited; Direkt Wire UK Limited and Comet Trading Nigeria Limited.

Amaka E. Nliam/Nairametrics