Mukuru announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in Malawi to easily collect cash sent from South Africa, the UK, Canada and European Union from any of the 182 Post Offices across Malawi. This brings
WorldRemit, ‘the WhatsApp of money’, launches remittances to Pakistan. Customers in 52 countries can now send money transfers from the WorldRemit app to all bank accounts in Pakistan. The State Bank of Pakistan has found that Pakistanis living overseas sent remittances amounting to $13.3 billion in first three quarters of 2014-2015, a year on year
WorldRemit the online money transfer service announces that its customers can now send remittances to Zantel EzyPesa accounts in Tanzania. The addition of EzyPesa means that WorldRemit now offers transfers to two of Tanzania’s four Mobile Money services. Customers can also send money to friends and family using Tigo Pesa. Tanzania is one of nine
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. Commentary on Remittances for July 2014 Remittances to Kenya increased by 3.8 per cent to USD 117.1 million in July 2014 compared with USD 112.8
Nigeria’s web and mobile financial services startup SimplePay has announced a partnership with Consumer Bureau de Change to allow for incoming and outgoing remittances through the SimplePay platform. With this partnership, the company said Nigerians in the diaspora can fund the SimplePay accounts of their friends and families from anywhere in the world. Commenting on
Remittances to Kenya have increased 16 per cent over the past year, according to the Central Bank of Kenya (CBK), boosted by the growth in remittances through the likes of Western Union and M-Pesa. The bank said the country has received nearly US$120 million from Kenyan diaspora, up US$17 million from last year. “Remittance inflows
Kenyan president Uhuru Kenyatta has revealed the government will be negotiating with financial institutions to make remittances to the country easier and cheaper, and urged the adoption of technology to bring down costs. Kenyatta told Kenyans living and working in Doha, Qatar the government would look into issues affecting Kenyans working abroad, among them unscrupulous
Rwandan startup MERGIMS is aiming to provide a method for African diaspora to pay for products and services for their families in their home countries, minimising the need for expensive person-to-person money transfers. Co-founders Muhire Louis-Antoine and Niyo-Mugabo Gilbert pride themselves on their low customer levies, claiming to charge less than half of what international
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances
Ugandan serial entrepreneur Teddy Ruge has launched a homegrown quick-pay service that targets the diaspora and aims to compete with industry giants such as Western Union and Moneygram. His project, Remit.ug, provides Ugandans living in the diaspora with the ability to send money to loved-ones using an African service, thus helping to boost the economy
