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DailyNewsCover – Nigeria Breaking News, Politics, Business, Entertainment & Sports

DailyNewsCover – Nigeria Breaking News, Politics, Business, Entertainment & Sports

DailyNewsCover brings you the latest Nigeria news, breaking politics, business, entertainment, sports, technology and education updates from across the country.

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  • Tranzfar Freedom Account Extends to over 100 Countries
  • Business & Brand

Tranzfar Freedom Account Extends to over 100 Countries

Adeleke Olubanwo - Lagos 24 August 2023 0

Tranzfar Freedom Account Extends to over 100 Countries

Tranzfar Limited, an international payment solutions
provider, focused on remittances, payment infrastructure and digital banking, has announced
the expansion of its revolutionary Freedom Account to over 100 countries during a media
parley held in Lagos. This major milestone marks a significant step forward in the company’s
mission to provide accessible and secure financial solutions to people all around the world.
The Freedom Account is a versatile financial platform designed to empower individuals and
businesses with the freedom to manage their finances efficiently, make cross-border
transactions, and access a wide range of banking services without the limitations imposed by
traditional banking systems.


Speaking at the event, the Managing Director/CEO, Tranzfar, Ryan Romeo, said, “We are indeed
excited to have reached this important milestone in our journey to provide accessible financial
services worldwide. Our commitment to financial inclusion and customer satisfaction remains
unwavering, and we look forward to serving even more customers in the future.”
The Co-Founder and Chief Financial Officer of Tranzfar, Dr. Olusiji Sanya, stated that in the last
one year, Tranzfar has recorded numerous successes with The Freedom Bank Account, from
onboarding thousands of customers to expanding its access reach to over 100 countries, which
is in line with the spirit and ethos of the freedom account. The account now has the following
features: a virtual card, multi-currency capabilities, which include GBP, USD and EURO-
denominated account capabilities, a global payment infrastructure and incorporated enterprise
solutions for businesses.

See alsoStanbic IBTC Extends University Scholarship Application Deadline


“We are opening a business access point allowing businesses and enterprises to have a
Freedom Bank Account that is suitable for companies. For businesses who want to do
transactions in different currencies, we also give them FX conversion capabilities. So not only
are we giving businesses a bank account, we are giving them the ability to convert into different
currencies, up to 70 currencies. Another thing that our enterprise solution does is that we have
a global payment infrastructure capability for companies,” Dr. Olusiji added.

See also  Tranzfar launches The Freedom Account in Nigeria


A member of the Board of Directors, Tranzfar, Sarah Essien said, “The Freedom Account has
lived up to its name, liberating Africans in 100 countries by granting them access to financial
possibilities that were hitherto limited to the continent. We have done this by fostering a link
between Africa and the rest of the world with our secure, efficient and trustworthy platform.”
The Freedom account expansion into over 100 countries represents a significant step forward in
the company's mission to democratize financial services and foster global economic growth.

—End—

How I Ended Up Closing My Bank Account After Offering To Pay Lady’s Bill – Nigerian Man Narrates
See alsoHow I Ended Up Closing My Bank Account After Offering To Pay Lady’s Bill – Nigerian Man Narrates
See also  Stanbic IBTC Bank introduces Senior Citizens Account for Nigerians aged 50 and older
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