In November, 2019, Interchange was appointed to join forces with the Nigerian Post Office (NIPOST), which has the most extensive retail network in the country, in order to offer Western Union’s money transfer services. Western Unionis the largest and most experienced money transfer operator in the world, with more than 200,000 agents employed worldwide.
Interchange will manage and run the service on behalf of NIPOST. The service will start, initially, with inbound/payout services, with outbound/sending to be included in due course, and based on regulatory approvals.
In late February, 2020, a pilot phase started in the Adeola Odeku NIPOST branch in Lagos and so far more than 40 NIPOST staff have been trained by the Interchange team. Some 50 + NIPOST branches are planned to be operational by the end of 2020.
This new service will offer convenient, secure, and highly accessible locations throughout the whole of Nigeria. NIPOST customers should encourage all senders to route their payments to these post office branches.
To find out more about this new Interchange service, please contact:
Interchange – Business Development Africa