NIPOST in tripartite deal to offer Western Union money transfer services

The Nigerian Postal Service (NIPOST) says it has commenced Western Union (WU) money transfer and payments services in its Post Offices.

It stated that the service is 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 1,400 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, Ismail Adebayo Adewusi, the Postmaster General of the Federation, expressed satisfaction with the tripartite arrangements; stressing that the operations could not have come at a better time than now.

Adewusi 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, Adrian Coetzee, the Managing Director of Interchange Africa, 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, Alastair Holberton, the Interchange Chairman, 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.