BNB, a technology, and licensed remittance company has officially opened its offices in Liberia.
The Financial Technology Company, which is headquartered in Canada, is determined to extend its operations to all African Countries, with Liberia now joining Sierra Leone and Guinea as a third subsidiary.
BNB is led by a team of professionals with expertise in software development and remittance business management.
“Our chairman, Brian Fox, is a former Executive VP of Western Union and our CEO/Co-Founder, Dr. Oumar Rafiou Barry, holds a Ph.D. in Engineering from the University of Toronto and has been a Professor of Engineering at some of the best universities in the USA” Alpha Barry, the Group COO for BNB disclosed.
He further explained that BNB is in Liberia to partner with all relevant stakeholders (banks, Telecommunication Companies Money Transfer Organizations etc) in the financial industry to revolutionize remittance business by enabling customers have access to their funds digitally and physically.
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 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,” Barry further disclosed at the opening of companies’ office in 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.
According to Barry, BNB as a Fintech Company that focuses on innovation takes into consideration the needs of customers and partners, thus offering them new innovative products and services.
He said BNB 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 it in a bank account or mobile wallet, from anywhere in the world.
The BNB Cash App is an amazingly easy to navigate platform that is found on Apple and Google Play Store for download, Barry noted.
Also speaking at the official launch on Friday, November 7, 2020, GT Bank General Manager and CEO, Ikenna Anekwe, hailed BNB Manager for the partnership in fostering a free digital economy in Liberia.
Mr. Anekwe 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 bring 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.
For remittance pick up in Liberia, BNB offices are located first floor in the DITCO Building on Randall Street, Johnson Street, Clara town, and Old Road respectively.
This new Financial Technology Company will support the Central Bank of Liberia vision of financial inclusion.