-
Money Keeps Moving Toward Somalia, Sometimes In Suitcases
Some financial companies in the U.S. resort to carrying cash on airplanes to keep remittances flowing to needy Somalis.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Money Order Service Not Discontinued, Says India’s Department of Post
The Money Order service, the old and trusted mode of remittance, was very much available, the Department of Post today said, strongly refuting the reports otherwise.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- remittances
-
How NGOs Can Help Unleash Cuban Remittances
Remittances to Latin America and the Caribbean set a new record high last year, at a total of $65.4 billion, the Inter-American Development Bank revealed Tuesday.
- Categories
- Uncategorized
- Region
- Latin America
-
What a Western Union, MoneyGram Merger Would Mean to Africa
Shares in MoneyGram International, one of the largest money transfer firm s in the world, rallied as much as 41 percent after Bloomberg, citing sources close to the deal, reported that the industry leader Western Union was in “early stage” talks to acquire MoneyGram.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
In Africa, Mobile Money Is on the Move
Moving money across African borders with the click of a cellphone button just keeps getting easier. The mobile money revolution – essentially the use of cellphones to access financial services – is already transforming the face of financial inclusion on the continent.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
How Mobile Money Is Saving Africa $2bn Annually
Mobile phones have proven to be potential game-changers inboosting access to financial products and services to people in Africa. This is particularly true for those at the bottom of the socio-economic pyramid as seen in East Africa. It has often been appraised based on its contribution to ‘banking the unbanked’, but mobile money has achieved much more, it has saved the continentnearly $2 billion previously lost annually to inefficient money transfer.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
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.
- Categories
- Uncategorized
-
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.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.