Ping Express Given Vote of Confidence by Nigerian Regulators

    DALLAS, TX, September 01, 2016 /24-7PressRelease/ -- Central Bank of Nigeria (CBN) gives Ping Express a vote of Confidence to continue inbound remittances to Nigeria and officially recognized to do outbound money transfer services from the country. Ping Express (www.ping-express.com) continues to provide the technology platform with a commitment to offering a secure, affordable and convenient money transfer service solution for the African diaspora, with outbound transactions from Nigeria to commence soon.

Ping Express (www.ping-express.com) applauds the CBN in its effort at ensuring a stable financial environment in Nigeria and for meeting with the Ping Express team in Abuja in finding better ways to support the Nigerian economy. To achieve CBN's goals and aspirations, Ping Express believes that the CBN should increase its focus on ways to update its policies and procedures in line with trends and developments in the global market, while also building ways to prevent abuse and money laundering activities.

"We at Ping Express are very excited at this recent development and are happy to continue putting a smile on the faces of many," said Anslem Oshionebo, President and co-founder of Ping Express. "Nigerian immigrants work very hard to earn a living and the extra time they have to spend with their families, should not be spent with an agent just to do things that should be simple, like sending money to a loved one. We at Ping Express work hard to make sure we make this process as seamless as possible for our users."

"With this development, Ping Express is able to continue putting a smile on the face of both the sender and beneficiary," said Opeyemi Odeyale, COO. "Nigeria is estimated to receive more than $25bn in remittances from migrants around the world in 2016, which helps families and friends to help pay tuition, buy medicine, food and clothing."

Ping Express guarantees daily locked-in exchange rates, saves the sender transfer fees and puts more money in the beneficiary's pocket. The Ping-Express app can be downloaded for free from the Apple or Android app stores. Visit www.ping-express.com for more information.

About Ping-Express: About Ping-Express: Ping-Express is a technology platform transforming the global money remittance space. Ping Express uses disruptive technology to make it possible for users to send money to loved ones or vendors in diaspora, from wherever they are at any time of day or night. Headquartered in Dallas, TX. U.S.A., Ping Express can be found online at www.ping-express.com or on social media handles www.facebook.com/pingexpress and Twitter handle @thepingexpress. Ping Express is a licensed money transmitter in the States of Maryland, Washington, Georgia, Texas and District of Columbia, and is also in the process of expanding to more states in the US. #PutASmileOnAFace

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