Best Neo Bank (BnB) and United Bank for Africa Liberia (UBA Liberia) have forged a groundbreaking partnership to revolutionize international financial remittances. This collaboration introduces a rapid transfer service, eliminating all fees and tariffs, enabling customers to seamlessly and securely send and receive money across a vast network spanning numerous African countries, China, the USA, Europe, and beyond. This initiative marks a significant step towards greater financial inclusion and accessibility, particularly benefiting individuals and businesses seeking efficient and cost-effective money transfer solutions.
The official launch ceremony, held at UBA Liberia’s headquarters, underscored the significance of this partnership. Representatives from both institutions, along with customers, witnessed the unveiling of this transformative service, emphasizing the shared commitment to enhancing financial connectivity. The partnership builds upon a longstanding relationship between BnB and UBA Liberia, dating back to 2020 when BnB first entered the Liberian market. UBA Liberia’s early embrace of BnB’s innovative approach laid the foundation for this comprehensive collaboration.
A key advantage of this partnership is the elimination of transfer fees, a groundbreaking move that significantly reduces the cost of remittances for both BnB and UBA Liberia customers. This “zero-fee” promotional offer extends to all transfers made through the platform, regardless of the destination country within BnB’s extensive network. Customers can simply visit any UBA Liberia branch to initiate a free transfer, streamlining the process and making international remittances more accessible than ever.
This partnership signifies a broader commitment to strengthening financial integration within Africa and beyond. By facilitating seamless cross-border transactions, BnB and UBA Liberia are fostering stronger economic ties between communities and empowering individuals with accessible financial tools. The positive response during the soft launch period further validates the demand for such a service and its potential to transform the remittance landscape.
UBA Liberia, a leading pan-African bank with a presence in 20 African countries, as well as the USA, UK, France, and the UAE, brings its extensive network and expertise to this partnership. Their diverse range of banking and financial services complements BnB’s innovative fintech platform, creating a synergistic alliance that benefits customers across the globe. This collaboration aligns with UBA’s commitment to providing cutting-edge financial solutions and expanding access to banking services for a wider audience.
BnB, a trailblazing fintech platform dedicated to transforming financial services in Liberia and across Africa, focuses on simplifying and enhancing the accessibility of money transfers and digital payments. Their emphasis on USD-based transfers, bank and mobile wallet integration, and cost-effectiveness empowers individuals, particularly the unbanked, and supports small businesses. By promoting cashless transactions, BnB contributes to inclusive economic growth and fosters financial independence within communities. This partnership with UBA Liberia amplifies their reach and impact, enabling them to further their mission of providing secure and reliable financial services to individuals and communities nationwide. Through this impactful collaboration, BnB and UBA Liberia are reshaping the future of financial remittances, bringing greater efficiency, affordability, and accessibility to individuals and businesses across borders.
