Tranzfar, an international payment solution provider focused on cross-border money transfers from European Union countries to Africa, has launched its latest innovative product ‘The Freedom Bank Account’ in Nigeria for seamless payment of overseas bills, utilities, obligations and increased global financial participation.
The Freedom Account allows customers in Nigeria to open and manage their foreign account for instant payments across United Kingdom bank accounts.
The Chairman Tranzfar, Mr. Bankole Eniola, said the firm offers cross-border payment solutions from the United Kingdom, United States, 27 European Union countries, Canada, New Zealand and Australia to Nigeria, Ghana and Kenya.
He said the account was carefully designed to give people in Nigeria, Ghana and Kenya opportunity to bank globally in over 30 countries where Tranzfar currently has a footprint.
Bankole further added that it is about making payment seamless across the globe and aspiring to become the world’s leading African financial technology platform, thereby providing innovative digital financial products on behalf of the African diaspora communities and users across the globe.
The Chief Executive Officer of Tranzfar, Ryan Romeo said the firm is dedicated to ameliorating the challenges Africans in the diaspora and those within Africa face daily financially, as they suffer limited financial accessibility and access to basic financial amenities.
Romeo said within the continent, there is a volatile exchange rate that leads to a big and enlarged devaluation of people’s wealth, noting that Tranzfar is trying to bring Africans in diaspora back into the fold and give them the financial access that they are currently deprived of.
He said the introduction of the Freedom Bank Account will guarantee a seamless payment of overseas bills, utilities and obligations as well as give opportunity for increased financial participation for those within Africa and Africans in diaspora.
The Chief Financial Officer of Tranzfar, Dr. Olusiji Sanya, said the firm is regulated by the different financial regulatory bodies in the UK, US, Canada, Australia and other countries where they operate to ensure conformity and safety of customer funds.
He said Tranzfar is committed to fostering a potent link between Africa and the rest of the world through trustworthy financial solutions and remains committed to the development of the Nigerian financial society through fast, easy, and reliable services.