The Central Financial institution of Nigeria, CBN, has revealed an up to date record of Worldwide Cash Switch Operators (IMTOs) accepted for Diaspora Remittances within the nation.

The apex financial institution made this recognized through its official web site on Monday.

Among the many IMTOs listed are: Aftab Foreign money Trade Ltd, Nigerian Postal Service, Ria Monetary, PayPal Inc, Western Union, Swift Fee Ltd and Worldremit Ltd.

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Others on the record embody; Cash Gram, Interswitch Ltd, Paycom Nigeria Ltd, Pagatech Ltd and Flutterwave Know-how Options Ltd, amongst others.

Recall that the CBN earlier introduced a brand new “CBN Naira for Greenback Scheme ”for senders and recipients of Worldwide cash transfers.

The CBN in an announcement launched by its Director, Commerce and Trade Division, A.S Jibrin, stated it’ll by business banks pay remittance recipients the Incentive of N5 for each $1 remitted by the sender and picked up by the designated beneficiary.

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It said that every one recipients of diaspora remittances by CBN licensed IMTOS shall henceforth be paid N5 for each $1 acquired as remittance influx.

CBN releases record of IMTOs for diaspora remittances


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