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An initial pilot, called 'Transfer Protect', launched this week in
Speaking during the launching ceremony held recently, President and CEO of
He added that the platform will provide peace of mind as payments will be made in the advent of unforeseen contingencies.
Ersek, however, noted that the aim of the collaboration is to serve low income to mass market populations by accelerating the development of adapted and relevant insurance and protection services.
'This new partnership will provide a new way for us to facilitate value-added products and services to the millions of immigrants and dual-belongers.
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'This will help provide peace of mind to the migrant population knowing that their designated family members or loved ones will receive a payment in case of an unfortunate life or disability event.
'This business aims to serve low income to mass market populations by accelerating the development of adapted and relevant insurance and protection services.
'For Western Union, this is a new step in their customer-centric strategy to enrich the value it provides to customers by integrating adjacent financial services seamlessly through its global omnichannel platform.
'Our customers around the world trust
Speaking also, The Chief Executive Officer,
Thomas expressed excitement towards leveraging
It would be recalled that
The company's Net Premium Income also grew N8.25 billion, up 39% from N5.95bn in
© Pakistan Press International, source