30 results
- 31 Jan 2013
African Migrants Pay More to Send Money Home
African migrants around the world pay more than other groups to send money back home, costing them and their families a hefty $4 billion a year, the World Bank has said. The development lender said…
- 1 Feb 2016
WorldRemit, MTN Ink Agreement on Mobile Money Service
WorldRemit and MTN Group has announced that its customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership…
- 12 Sept 2014
Nigerian Diaspora Send more Support Home
Ministry of Finance announced last week the remittance market is at its highest in history reaching $10.4bn in the 6 months of 2014 and continues to show strong growth. Echoing this statement,…
- 18 Nov 2015
WorldRemit, Tigo Launch Instant Int’l Money Transfers to Mobile Wallets
Online money transfer service WorldRemit has launches instant transfers to Tigo Mobile Money accounts in Rwanda. This announcement makes WorldRemit the first international remittance service to send…
- 24 Dec 2018
Ecobank Rapidtransfer Eases Homebound Remittances for Yuletide
In the spirit of the season, Ecobank Nigeria has called on Nigerians in diaspora to embrace the benefits of Ecobank’s Rapidtransfer app when sending money to their loved ones back home this festive…
- 24 Apr 2019
WorldRemit, Paga Partner for Money Transfers to Nigeria
WorldRemit, digital money transfer company, and Paga Nigeria have partnered to launch international money transfers to Nigeria. Using the WorldRemit app or website, Nigerians in diaspora…
- 3 Feb 2016
Stellar, Oradian Unleash Low-Cost Money Transfer for Rural Nigerians
On Tuesday, rural Nigerians gain access to something previously out of reach: affordable direct payments. Until now, sending money home often involved delivering cash by hand or trusting a traveller…
- 19 Apr 2014
'Super Tax' Slows Remittances, Development in Nigeria, Others
Africans face the highest remittance fees globally, regularly paying a "super tax" to send money home at a cost that hurts families and holds back development in the world's poorest continent, a…
- 3 May 2016
SimbaPay Announces Single Money Transfer of Up to $45,000 To Africa
SimbaPay is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially higher than the previous…
- 17 Nov 2015
Mobile Money: Next Global Communications Platform
Mobile money is on a journey. What started as a simple way of paying people using a phone is on the cusp of becoming the next global communications platform. Not just a means of buying goods and…
- 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…
- 21 Oct 2020
Ecobank Applauded Over Its Innovative Digital Technology
Experts and industry stakeholders at the Ecobank forum have applauded the banks huge investment in innovative digital technology. With proper engagement, transparent exchange rate and a pan African…
- 9 Nov 2018
Christmas Came Early with the Rapidtransfer App
As Christmas approaches, many of us are already planning our expenses for the holiday period, because we all know that December is a very expensive month and January is a very loooong month. …
- 20 Jan 2016
WorldRemit Expands Instant Money Transfers in Nigeria
WorldRemit, the global money transfer app, has introduced instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than 140…
- 20 Jul 2020
Airtel Africa, WorldRemit Offer Instant Money Transfers across Africa
Airtel Africa, a leading provider of telecommunications and mobile money services in 14 countries across sub-Saharan Africa, is scaling up its operations with WorldRemit, the global digital money…
- 27 Dec 2015
Disrupting Nigeria’s $21Bn Remittance Market
The opportunity now exist to disrupt the remittance business in Nigeria as the Central Bank of Nigeria (CBN) intends to license non-bank remittance providers in Nigeria and also enable out-bound…
- 6 May 2019
Ecobank’s Rapid Transfer app Gets Recognition
Ecobank’s Rapid Transfer App has been named Best Remittance Product and Service of the Year by the Asian Banker Excellence in Retail Financial Services Awards for West Africa. The app was…
- 22 Jul 2025
Kuda Unveils New Wallet for Multiple Currencies
As the first currency supported by the functionality, Kuda launched an update for its app that allows users to send, receive, hold, and convert USD directly. Babs Ogundeyi, MD, Kuda The action comes…
- 19 Jan 2019
WorldRemit Mulls Massive African Expansion
Digital money transfer service, WorldRemit, has lofty ambitions for its major expansion plans for other African countries. "Globally, the remittance industry is valued at about $600 billion ; that is…
- 15 Dec 2020
WorldRemit Delivers USD Bank Transfers to Nigeria in Time for Christmas
WorldRemit, a cross-border digital payments service, has launched a service for customers in Nigeria to receive international transfers in their bank accounts in USD ahead of the Christmas…
- 31 Aug 2016
WorldRemit Lauds Restoration of Money Transfers to Nigeria
WorldRemit, the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten…
- 29 Aug 2025
Diaspora Inflows Triple to $600M Monthly, Set to Hit $1B Next Year - CBN
Nigeria’s economy is receiving a major boost from its diaspora community, with remittance inflows tripling to $600 million monthly over the past two months, according to the Governor of the Central…
- 16 May 2017
Western Union Digital Service Live in 40 Countries
The Western Union Company, a leader in global payments, has announced that it has further strengthened its global digital money transfer footprint, with the activation of its 40th wu.com…
- 9 May 2014
Western Union, Moneygram Hit Nigeria, Others with Charges
Western Union and Moneygram, the world's leading money transfer companies, have been accused of charging a premium of up to 12 per cent on remittances into Africa, according to a recently released…
- 5 Jan 2024
Banks, Fintechs Set to Launch cNGN Stablecoin
A consortium of Nigerian financial institutions, fintechs, and blockchain experts, the Africa Stablecoin Consortium (ASC) is set to launch a compliant Nigeria Naira (cNGN) stablecoin on February 27,…
- 8 Feb 2023
Flutterwave Expands into North Africa with New Egypt Payments Licenses
Flutterwave, Africa’s payments technology company, has announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. The licenses will enable Flutterwave to…
- 24 Nov 2024
Report Shows 1 in 2 Nigerians Want to Move Abroad—Why It’s More Than Just a Statistic
With nearly half of Nigeria’s population expressing interest in relocating abroad, as Gallup recent data indicates, the desire to seek greener pastures has become more prominent. When surveyed, 1 in…
- 22 Jun 2009
Nasuba Express Targets Billions of Naira Transfer to Nigeria-Meyer
Jean-Claude Meyer is the executive director of LC2 Group, promoters of Nasuba Express. LC2 has footprints in broadcasting, telecommunications and interconnection sectors. Mr Meyer has lived in…
- 24 Dec 2025
World Bank Reveals Obstacles to Growth of Mobile Money Accounts in Sub-Saharan Africa
Despite being the global epicentre of mobile money innovation, Sub-Saharan Africa remains home to tens of millions of adults who do not own a mobile money account. A new World Bank report disclosed.…
- 9 Apr 2025
GSMA Reveals Sub-Saharan Africa as Mobile Money Epicentre
Mobile money has surpassed two billion registered accounts, with over half a billion active monthly users across the globe in the 25 years since its launch. Leading this market growth is Sub-Saharan…