Sharemoney Announces Continued Expansion of Zero Transfer Fees to Nigeria and Eight More Western African Nations for Month of July to Help People Send Money During Coronavirus Pandemic

Sharemoney, an online money transfer service of Omnex Group, announced an expansion of its zero transfer fee promotion for Nigeria and eight other Western African nations throughout the month of July. The initiative is designed to help those affected by travel restrictions, job loss or other adverse effects of the COVID-19 crisis.

Initially announced in the month of June, Sharemoney has decided — in response to a growing need for financial relief — to extend its temporary suspension of transfer fees on all transactions when sending money to Nigeria and expand the offer to debit card transfers to the following Western African countries: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

The move is designed to make it easier and more affordable for customers to financially support those they care for and send/receive payments vital to their businesses during these unprecedented times. The offer is available to new and existing Sharemoney customers via or the mobile app through July 31, 2020, and no code is needed to access the promo.

Sharemoney has decided to offer relief to the Western African region because these countries have been among the hardest hit from the COVID-19 pandemic, exacerbating an already precarious situation in which low-income households with access to less infrastructure have been left with little recourse.

Sharemoney customers can send an unlimited number of transactions during the offer period, and payments can be sent via debit or credit card for Nigeria only*. For the other countries, transactions should be made via debit card. Sharemoney supports same-day money transfers to cash pickup locations. In addition, customers gain access to competitive exchange rates so that more of the money can remain in the hands of the recipients who need it the most.

Most recently, Sharemoney has added Mobile Money to its payout options for certain African corridors, in addition to Bank Deposit and Cash Pickup for added convenience. Sharemoney boasts an extensive network of banks that cover all of Nigeria, including Zenith Bank, Access, Ecobank, Union Bank, FirstBank and many others.

For the rest of the Western African region, the networks are broken down as follows: Benin’s includes Banque Atlantique, Bank of Africa, BSIC, Wari and others; Burkina Faso’s includes La Poste and Sonapost; Guinea-Bissau’s includes Ecobank, Orabank and Wari; Ivory Coast’s includes CCEI Bank Benin, BDU—BF, Bank of Africa, Wari and others; Mali’s includes Banque Atlantique, Bank of Africa, BSIC, Coris Bank International and others; Niger’s includes Banque Atlantique, Bank of Africa, BSIC, Ecobank and others; Senegal’s includes Banque Atlantique, BIMAO, Bank of Africa, BSIC and others; Togo’s includes La Poste.

COVID-19 has presented a major challenge for many families struggling to manage their finances. During these trying times, remember to stay safe, stay healthy, and stay home. We are all in this together.

*Sharemoney recommends debit cards as a payment method. Also, customers can send up to $2,999.99 every 24 hours or every 15 days, and up to $9,999.99 in a period of 180 days to Nigeria.

Richard Jimenez  |  Business Development Associate


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