By Bill W. Cooper
BNB, a technology and licensed remittance company has officially begun operations in Liberia and it’s led by a team of professionals with expertise in software development and remittance business management with its headquarter in Canada. BNB is also determined to extend its operations to all African countries, with Liberia now joining Sierra Leone and Guinea as a third subsidiary.
Speaking during the official launch of the company over the weekend in Monrovia, BNB CEO, Alpha Barry explained that the company is in Liberia to partner with all relevant stakeholders, banks and Telecommunication Companies Money Transfer Organizations among others in the financial industry to revolutionize remittance business by enabling customers have access to their funds digitally and physically.
According to Barry, BNB is a Fintech Company that focuses on innovation and takes into consideration the needs of customers and partners, thus offering them new innovative products and services.
He added that the company was successful in becoming the first Financial Technology Company to develop and launch an App, that enables customers to digitally pick up their remittances and deposit them in a bank account or mobile wallet, from anywhere in the world.
“In Africa, we are not only a licensed remittance company, but we are also an aggregator of Money Transfer Companies, Telecommunications Companies, and Banks. Some of our strategic partners include MoneyGram, RIA, Small World, GT Bank, MTN, Orange, UBA, OMNEX, Transfast, Wari and so on,” the company’s CEO narrated further.
Also speaking at the official launch, GT Bank General Manager and CEO, Ikenna Anekwe, hailed BNB manager for the partnership in fostering a free digital economy in Liberia and told the gathering that Liberia is a cash-based economy that needs to migrate to a digital form of payment, hoping that the presence of the company brings efficiency to the financial sector.
For his part, the Products and Services Manager at Lone Star Cell MTN, said they were very excited to partner with BNB in integrating their services with the mobile money system.
At the same time, the Head of the Digital Banking at the United Bank for Africa (UBA), David Ojo, averred that his bank was pleased to partner with BNB to bring relief and comfort to their many customers.
This new Financial Technology Company will support the Central Bank of Liberia’s vision of financial inclusion. Currently, BNB has about 100 plus employees; 80% of them are based in Sierra Leone, Guinea and Liberia and the other 20% are based in North America.
In Canada, BNB is a 100% cashless remittance company used by thousands of customers to send money to their loved ones in 17 African countries including Liberia.
‘In Sierra Leone and Guinea, BNB has about 400 locations where customers can send and receive money. This does not include the banks and Telcos that BNB has partnered with such as UBA, GT Bank, Orange, MTN, etc. as the BNB Cash App is an amazingly easy to navigate platform that is found on Apple and Google Play Store for download,” Barry noted.