Nigeria:Sterling Launches Free Diaspora Payment Service

  • 02 November 2020 / News / 261 / Emerging Africa

Nigeria:Sterling Launches Free Diaspora Payment Service

Sterling Bank PLC, has launched Switch, an international banking and allied services for Nigerians in the Diaspora.

The Divisional Head, Retail and Consumer Banking, Shina Atilola who disclosed this said Switch and the zero transaction charges offer are a clear demonstration of Sterling Bank’s commitment to making cross-border banking accessible to all deserving Nigerians.

“Switch users will be able to fund their account for free when using their Naira Debit Card while they will enjoy free service charge when they fund their Switch account using foreign bank cards for six months at the first instance”.

The Divisional Head explained that Switch enables the processing of everyday banking and financial services such as bills payment, funds transfer, payment requests, investments, asset financing and insurance services, among others, in their preferred currencies.

Nigerians in the diaspora often have difficulties funding their Nigerian bank accounts using international bank cards due to high charges, and inability to perform seamless online transactions without recourse to the bank or its agents for money exchange, among others.

Atilola said Switch would benefit the customers’ desire for a convenient banking that gives more value, adding that some of the benefits to include; currency swap, access to asset financing diversified investment offerings and protection from mishaps with various insurance packages.

“Switch provides customers with the added value of asset financing, investment and insurance opportunities at better rates.”