Best Neo Bank (BnB) and United Bank for Africa Liberia (UBA Liberia) have forged a strategic partnership to revolutionize international financial remittances by offering a rapid, zero-fee transfer service. This collaboration aims to streamline and simplify the process of sending and receiving money across borders, benefiting individuals and businesses alike. The service, launched in August 2025, connects users to a vast network spanning numerous African countries, including Ivory Coast, Ghana, Nigeria, Sierra Leone, Guinea, Uganda, Rwanda, Mali, and Senegal, as well as international destinations like China, the USA, and Europe. This expansive reach positions the partnership to significantly impact cross-border financial transactions, fostering greater connectivity and facilitating economic activity.
The cornerstone of this partnership is the elimination of transfer fees, a significant advantage for users. Both sending and receiving money through this service are entirely free of charge, regardless of the destination within the network. This cost-effectiveness makes the service particularly attractive for individuals and small businesses who often bear the brunt of high remittance fees. By removing this financial barrier, BnB and UBA Liberia are democratizing access to international money transfer services, promoting financial inclusion, and empowering individuals and businesses to engage in cross-border transactions with greater ease and affordability.
The collaboration between BnB and UBA Liberia represents a significant step towards strengthening financial integration across Africa. By facilitating seamless and cost-effective money transfers, the partnership empowers individuals and businesses to connect with each other more efficiently, fostering economic growth and development. This initiative aligns with the broader trend of increasing digitalization within the financial sector, leveraging technology to simplify and expedite financial transactions while reducing costs. The partnership signifies a commitment to innovation and customer-centric solutions, aiming to provide a user-friendly and accessible platform for international money transfers.
The official launch of the service took place at UBA Liberia’s headquarters in Monrovia, symbolizing the joint commitment of both institutions to this groundbreaking initiative. Representatives from both BnB and UBA Liberia emphasized the importance of the partnership in expanding access to financial services and promoting economic empowerment. The zero-fee structure was highlighted as a key benefit, enabling customers to send and receive money without incurring additional costs. The partnership builds upon a pre-existing relationship between the two entities, solidifying their shared vision of transforming the financial landscape in Liberia and beyond.
The partnership combines the strengths of both organizations. UBA Liberia, a well-established financial institution with a broad reach across Africa and beyond, provides the necessary infrastructure and network for the service. BnB, a leading fintech platform, brings its expertise in innovative financial solutions and digital payments, ensuring a seamless and user-friendly experience. This synergy allows for the creation of a robust and reliable platform, capable of handling a large volume of transactions while maintaining security and efficiency. The partnership is expected to significantly contribute to the growth of digital transactions in Liberia and promote financial inclusion by providing access to previously underserved populations.
This initiative is a testament to the transformative power of collaboration and innovation within the financial sector. By leveraging their respective strengths and sharing a common vision, BnB and UBA Liberia have created a service that has the potential to revolutionize international money transfers. The zero-fee structure, coupled with the extensive network and user-friendly platform, positions the partnership to drive significant positive change within the financial landscape, empowering individuals, businesses, and communities across Africa and beyond. The service is expected to foster greater financial inclusion, facilitate cross-border trade, and contribute to overall economic growth.
