Ingenico, the worldwide provider of payment solutions, announced a strategic partnership with Tagattitude, a mobile money software vendor, to deliver mobile money solutions in Africa. This partnership is designed to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa.
MoneyGram, a global money transfer company, announced that it has signed an agreement to acquire Nexxo Financial’s full-service money transfer kiosk business and to become the preferred money transfer and bill payment partner for Nexxo Financial. The transaction is expected to close in the fourth quarter of this year subject to closing conditions. MoneyGram will acquire approximately
In a bid to strengthen its dominance of international money transfer and give its customers wide range of options, First Bank of Nigeria Limited (FirstBank) has partnered with Trans-Fast Remittance LLC, a global money transfer company and owner of Trans-Fast money transfer brand, to provide money transfer services to families and friends through the over 700 branches of
MoneyGram, a leading global money transfer company, announced that it has signed agreements with Uganda Post Limited (Posta Uganda), and Tanzania Posts Corporation (Posta Tanzania), the most extensive providers of postal services in their respective countries. In Uganda, where the population nears 33 million and inward remittances are estimated at nearly 775 million, according to
Satellites are making it possible to transfer money between remote locations in sub-Saharan African countries that are otherwise unconnected to the outside world. An ESA (European Space Agency) project looking at ways to use satellites for services in developing nations where land networks are simply impossible or non-existent gave rise to the Agency’s SatFinAfrica pilot
MoneyGram announced an agreement with Lebara Mobile, one of Europe’s leading mobile telecoms operators, to offer MoneyGram transfer services over the Lebara Money mobile and web solutions. MoneyGram’s money transfer platform is now integrated within the Lebara Money iPhone and Android mobile payment platform solutions and the Lebara Money website, enabling customers in the United
Western Union, a leader in money transfer and global payment services today announced that it has signed an agreement with AlexBank, the Egyptian subsidiary of the Intesa Sanpaolo Group, to offer Western Union® money transfer services in Egypt. Egypt accounts for over 40 percent of total remittance inflows to the MENA region and the country
Visa in Kenya announced the launch of Visa Personal Payments (VPP) in collaboration with Equity Bank, East Africa’s largest commercial bank by customer base. Visa Personal Payments is a convenient, cost-effective and secure way for consumers to send funds directly to recipients with Visa cards, both domestically and internationally. Equity Bank is the first bank
