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Intra-African Remittance Market Set to Soar in 2020
The World Bank estimates that migrant workers within Africa send remittances in excess of $14 billion dollars each year, and in 2018 intra-African remittances represented 20% of global remittance flows according to Ecobank Group.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Remittances: Moving People Move Money
New innovations in digital technology are rapidly changing the global remittance landscape.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal
Using the WorldRemit app, customers in over 50 countries can now send money instantly to over 60,000 Wizall Money mobile accounts in Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: WorldRemit Announces Global Remittance Partnership With Alipay
WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world.
- Categories
- Finance
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Digital Platforms for ‘Gig Economy’ Workers: An Intriguing Model Gains Traction in Africa
The government of Senegal has been working diligently to foster high-tech innovation in its economy – but there's one area in particular need of a digital upgrade. Researchers Jessica Wallach and Jill Lagos Shemin explore why the greatest potential impact of the digital revolution in Senegal may involve helping informal workers in the "gig economy" leverage digital platforms to find work.
- Categories
- Technology
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Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts
Using the WorldRemit app, Tanzanians living abroad in over 50 countries can send money home and the new service increases convenience for recipients in Tanzania who can receive international money transfers directly to their phones, without the need for a bank account or internet connection.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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From Heritage to Habit: Why Digital Remittances Languish in Some Cultures But Surge in Others
Thirty years after their introduction, digital remittances have failed to take off. Some 90% of remittances still begin as cash and end as cash - even when banks are the intermediary. Lack of trust, access and interoperability - to name just a few challenges - are keeping lower-income people tied to costlier cash transfers. However, remittance providers and related fintech entities are exploring many new avenues to encourage recipients to keep remittances in the digital ecosystem and possibly use them for other financial products, writes Steven Davidson with Mondato.
- Categories
- Finance, Technology
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Press Release: MoneyGram and Wing to Launch a New Mobile Wallet Service in Cambodia
Under this partnership, MoneyGram customers can remit and receive money conveniently via Wing Money mobile app. Customers also have the option to cash out using any of 7,000 WING cash Xpress outlets in Cambodia.
- Categories
- Finance
- Region
- Asia Pacific
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