The CEO of IBS Bank, Mahat Mohamed Ahmed, today 20th Aug 2023, announced a new partnership in Somalia to bring international money transfer services to the Bank’s customers through Ria Money Transfer, one of the world’s leading international payments providers.

“IBS Bank is happy to bring Ria Money Transfer services to the people of Somalia”, said Mahat Mohamed Ahmed. With this service, the people of Somalia can now receive money from friends and relatives in over 165 countries throughout the World at any IBS Bank branch.

Ria operates the largest real-time international payments network in the world that offers payments to mobile wallets, bank accounts and cash across 200 countries and territories. Ria’s omnichannel products and services offer customers unprecedented choice in how they send and receive money, which facilitates financial access and promotes economic growth.

FIRST BANK- IBS is the first bank in Somalia to offer its customers an international money transfer service of this kind. “IBS Bank will continue to serve its customers and all the people of Somalia by always being the most innovative bank through continuous innovations and initiatives of this nature to make banking easy and more accessible,” Mahat Mohamed Ahmed pointed out. Indeed, IBS Bank has on many occasions been the first to initiate many banking products in the Market and he assured customers that the bank will continue with this trend.

VALUING OUR CUSTOMERS AND CONTRIBUTION TO THE ECONOMY- “We value our customers and are committed to introducing the best banking solutions. This is going to be a powerful tool for Somalis and friends. It is significant and it will help the economy of the country to prosper”, he added.

Malik Seck, Managing Director for Africa at Ria Money Transfer, said, “Whether it’s connecting our service to the far-reaching corners of the world, or to a trusted, local financial services platform, at Ria we’re proud to provide international money transfer solutions that help families thrive. We’re thrilled that this partnership with IBS Bank will allow more Somalians to receive funds quickly, easily and safely, from their loved ones abroad sent through Ria’s global footprint”.

HOW TO ACCESS THE SERVICE- For any information on how to send or receive money in Somalia through IBS Bank, contact our call center +252 61 3744444 by calling directly or through WhatsApp or visit our branch and you will be assisted. You can also access the services at any Ria store or agent near you or through the Ria mobile app or website  www.riamoneytransfer.com.