Remittances represent a major source of financial inflow for African countries. The United Nations identifies remittances as a vital lifeline for more than 200 million Africans....
Afrinvest (West Africa) Limited (“Afrinvest”), a leading investment management holding company acting through its wholly owned subsidiary, Afrinvest Asset Management Limited, a fund manager licensed by...
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...
MFS Africa, Africa’s largest payment gateway, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries...
M-Pesa, the fintech service provided by telecom company, Safaricom, is dipping its feet into the remittance market through a partnership with eCommerce behemoth, Amazon. Founded in...
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...
International Consortium of Investigative Journalists (ICIJ) has uncovered how companies like Western Union and MoneyGram play a hidden role in laundering cash from around the globe....
AXA has entered into a strategic collaboration with the Western Union to provide inclusive insurance products to customer of the money transfer company. A statement explained...
Western Union has teamed up with Bharti Airtel Ltd. to allow customers to send real-time payments directly to bank accounts in India as well as real-time...
Facebook reportedly is developing its own cryptocurrency for use in a blockchain-based funds transfer service, according to a report by Bloomberg. Facebook’s stablecoin — so called...
