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WorldRemit Teams Up With BRAC Bank & bKash for Bank/Mobile Money Transfers to Bangladesh
Using the WorldRemit app or website, the Bangladeshi diaspora living in more than 50 countries may now send money quickly and securely.
- Categories
- Finance
- Region
- South Asia
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Africa’s dominant mobile money service is going global
M-Pesa’s over 23 million active subscribers in Kenya will also be able to send and receive money through their phones and be connected to WU’s 500,000 global agents.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Fintech activity in Latin America spreads to 18 countries
The report provides data which, while illustrating the challenges that the industry faces, also reflects an inevitable transformation of the financial sector and the role that entrepreneurs play in accelerating innovation and changing the way in which people have interacted until now with financial services.
- Categories
- Finance
- Region
- Latin America
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Kenyans in diaspora now remit four times more cash
The remittances have been the country’s largest source of foreign exchange (international currencies) since 2015 when they overtook earnings from tea exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Safaricom and Western Union sign money transfer deal
Mpesa customers will be able to send and receive money at any Western Union centers across the world after Safaricom and Western Union inked a money transfer deal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile money, remittances, Safaricom
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Western Union Makes Digital Push Amid Fierce Competition for Money Transfers
Of the $81.8 billion Western Union consumers transferred in 2017, 91% was sent across international borders. Raj Agrawal, finance chief of the company, estimated that westernunion.com money-transfer revenue—which includes use of the mobile app—last year topped $400 million, or about 11% of consumer revenue.
- Categories
- Finance
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WorldRemit Offers Free Service For Ethiopian Diaspora In America
WorldRemit, one of the top digital money transfer company, launches a free of charge remittance transfer service for Ethiopian diaspora in the United States.
- Categories
- Finance
- Region
- North America
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BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa
The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents.
- Categories
- Finance, Technology
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