14 results
- 3 Aug 2016
WorldRemit Urges Restoration of Money Transfers to Nigeria
WorldRemit, a leading online remittance provider, has called for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable…
- 25 Oct 2016
Wi-Pay Secures Intl Money Transfer Operations Approval from CBN
Wi-Pay has announced it has been granted an approval-in-principle by the Central Bank of Nigeria (CBN) for international money transfer operations (IMTO). In the letter received from the CBN and…
- 9 Nov 2016
CBN Goes Tough on Illegal IMTOs, Banks over Money Transfers
Central Bank of Nigeria (CBN) has threatened to deal with any illegal International Money Transfer Operators (IMTOs) in the country when caught, warning Nigerians in the diaspora to desist from…
- 26 Aug 2016
CBN Warns Banks on Illicit Money Transfer Flows
‎Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the…
- 6 Nov 2015
WorldRemit inTtalks on Mobile money Transfer Deals
Free chat and calling apps that keep migrant workers in contact with family members back home are transforming the money transfer business and online remittance provider WorldRemit is seeking…
- 12 Feb 2024
Banks, IMTOs Halt Dollar Payments
International Money Transfer Operators (IMTOs) and banks in Nigeria have halted the payment of dollars to their customers. This follows the issuance of revised guidelines for International Money…
- 14 Apr 2017
Africans Embrace Bitcoin to Send Money Abroad
Developing countries from Africa and Asia are rapidly adopting Bitcoin in a bid to circumvent steep bank charges when sending money abroad. This is according to Bitcoin payment processor Bitwala…
- 3 Sept 2018
Xoom, Ria Partner on Cash Pickup Service for International Remittances
Xoom, the international money transfer service of PayPal, has partnered with Ria, a subsidiary of IAD and transaction processing provider Euronet Worldwide, to offer cash pick-up service to Xoom…
- 30 Aug 2016
CBN Grants IMTO Licenses to 11 Operators
Central Bank of Nigeria (CBN) has licensed more International Money Transfer Operators (IMTOs) to operate in Nigeria, in furtherance of efforts to liberalise the Foreign Exchange Market, ensure…
- 16 May 2022
Ghana’s BigPay Goes Live with Azentio’s Amlock Financial Crime Detection Solution
Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that BigPay, a Ghana-based global digital payment solutions company, has gone live…
- 11 Jul 2024
IFC Partners TerraPay to Boost Access to International Remittances in Africa
To boost access to affordable remittances and support livelihoods and business activity in countries across Africa, IFC announced a financing package for TerraPay, an Africa-focused digital payments…
- 9 May 2023
Interswitch Partners Credit Bank of Kenya, IFAD to Deepen Remittance
As part of sustained efforts to create solutions that enable individuals and communities prosper across the continent, Interswitch Group, Africa’s leading integrated payments and digital commerce…
- 5 Jul 2021
Elsa Muzzolini, Others Advice Fintechs on Finding and Leveraging Partnerships
Elsa Muzzolini, General Manager, Commercials & Mobile Financial Services, Y’ello Digital Financial Services, has listed three things fintechs need to do in finding and leveraging the right…
- 24 Dec 2020
CBN Asks Banks to Close Naira Remittances Ledgers
Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. Godwin Emefiele,…