Terra Launches Connect to Mobilize International Remittance Growth

Posted on by Staff Writer | 8430 Views | 12 min read

Terra, a mobile-first international network, for low-value remittances, launched Terra Connect, its application programming interface suite, to enable mobile wallet providers offer affordable, accessible international remittance products and maximize global reach. The size of the African remittance wallet is valued at USD 65 billion, with more than 30 million migrants initiating 300 plus million remittances

Calpian’s Money-On-Mobile Expands Offerings in India, Launches New Domestic Remittance Service

Posted on by Staff Writer | 7456 Views | 7 min read

Calpian, Inc. announced its Mumbai-based subsidiary Money-On-Mobile is providing domestic remittance services to Indian consumers. Adding the new service to its existing suite of market-leading mobile payments offerings, domestic remittance is a real-time electronic fund transfer service.. With the new service, which was initiated on Dec. 23, 2014, Money-On-Mobile now offers its customers person-to-bank domestic

Remittances to Kenya Increase in December

Posted on by Staff Writer | 8517 Views | 3 min read

The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittance service providers in Kenya. In 2014, remittance inflows to Kenya increased by USD 137 million or (11 percent) to USD 1,428.5 million compared with USD 1,290.6 million in 2013.

Increase in Kenya’s Diaspora Remittances for May 2014

Posted on by wademinnie | 6791 Views | 4 min read

The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittance service providers in Kenya. The results for May were as follows. Remittances to Kenya increased by 8.6 percent, to USD 119.7 million in May 2014 compared to USD 110.1

New Mobile Remittance Corridor Between mHITs Australia and M-PESA Kenya

Posted on by wademinnie | 8705 Views | 10 min read

mHITs, a pioneering developer and operator of mobile payment services, has announced that it’s Australian SMS mobile wallet service has launched an international mobile remittance corridor between Australia and leading mobile money service M-PESA in Kenya. For the first time, this new corridor will provide for instantaneous direct mobile-to-mobile funds transfers between Australia and Kenya.

Econet’s Partnership with WorldRemit a Smart way to Stay in Money Remittance?

Posted on by wademinnie | 8376 Views | 10 min read

The money transfer and remittance services industry is a big deal and it’s something we understand here in Africa because of the huge monetary inflows from the diaspora. At an annual figure of $64 billion for recorded inflows (this excludes well established informal channels) this industry has attracted a lot of investor attention. On the

Further Increases in Kenyan Remittances

Posted on by wademinnie | 6711 Views | 3 min read

The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittances service providers in Kenya. In February 2014, remittances to Kenya increased by 8 percent from USD 102.4 million in February 2013 to USD 110.42 million. The 12 month cumulative

Tigo Launches Cross-Border Mobile Money Transfer System

Posted on by wademinnie | 7694 Views | 7 min read

Tigo, a subsidiary of Millicom, has announced the launch of a cross-border mobile money remittance service between Tanzania and Rwanda, allowing its subscribers to send money from one country to another via their Tigo mobile money accounts. The system integrates currency conversion, whereby money is sent in either Tanzanian shillings or Rwandan francs and delivered

Safaricom Partner with Skrill to Allow Diaspora to Send Money to M-Pesa accounts

Posted on by wademinnie | 7180 Views | 5 min read

Kenya’s Safaricom is set to sign a deal with Skrill, a US-based remittances and online payment company, allowing Kenyan diaspora to send money directly to M-Pesa accounts. “All you need to send money is the receiver’s full name and an M-Pesa mobile phone number. The money is then instantly deposited directly into their activated mobile

MasterCard, eServGlobal and BICS Create Remittance Joint Venture

Posted on by wademinnie | 12943 Views | 9 min read

MasterCard,  eServGlobal and BICS have announced the formation of HomeSend, a joint venture which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub