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Western Union Said in Early Stage Talks to Buy Rival MoneyGram
Western Union Co. is in early-stage talks to acquire smaller rival MoneyGram International Inc., people with knowledge of the matter said, as both companies contend with stiff competition from upstart money-transfer companies.
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Native Startup Offers Crypto Remittance Service to Nigerians
Bitstake, a cryptocurrency exchange startup, offers a wide range of solutions to the 178 million people of Nigeria. Unlike most Bitcoin exchanges, which rely on users having access to the Internet in order to serve them, Bitstake has made it possible for its customers to access and use their wallets through SMS.
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- Sub-Saharan Africa
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- remittances
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Safaricom to Open M-Pesa APIs, Completes Data Center Migration From Germany to Kenya
After two years of intercontinental conference calls, eight test runs and countless hours put in by 320 consultants, Safaricom has successfully migrated its mobile money platform to its data center in Kenya and is expecting to provide better services.
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- Sub-Saharan Africa
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Rwanda Launches Cross-Border Mobile Money Remittance Service
MTN Rwanda, one of Rwanda’s leading mobile network operators, Sunday announced the launch of a pioneering cross-border Mobile Money remittance service between Rwanda and Kenya.
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- Sub-Saharan Africa
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A Former New York Investment Banker Takes on Financial Inclusion in India
When she left New York five years ago, a former Wall Street investment banker had a plan for a new business in India. Today, that plan has become a growing company tackling financial inclusion in a way few have considered to date, in India’s evolving, highly unique, growth environment.
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- South Asia
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Mobile Money Remittances in Africa to Reach $33 Billion
MOBILE money remittances in sub-Saharan Africa are projected to reach $33 billion in 2015 as the services are growing above 6% in more than three countries with increasing mobile connectivity, WorldRemit has said.
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- Sub-Saharan Africa
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- remittances
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Mobile Money to Power Global Remittances
Global remittances will grow slowly in 2015, but accelerate again in 2016/17: global remittances are projected to reach $586 billion in 2015, at a slower growth rate of 0.4% due to economic conditions. However, remittances are expected to accelerate again to reach an estimated $636 billion in 2017.
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- Sub-Saharan Africa
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- remittances
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India’s MoneyonMobile Sees 27% One-Month Jump in Transaction Processing
MoneyOnMobile is continuing to ignite India’s mobile money scene — topping 131 million users in March, the company announced yesterday (April 14).
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- South Asia