Kenyans living in the US stand to gain from a new banking product that allows users to earn interest and pay reduced fees on international remittances. The new product dubbed Sendwave Pay was recently launched [c]
Absa Bank Kenya has expanded its financial services to Kenyans in the Diaspora through its existing digital platform, making it easier for customers and non-customers living and working abroad to meet their banking, savings and [c]
Ethiopia, as a country with a huge and continuously growing population, has to expand its wings in the Banking sector. Many banks have established and revolved in the sector to reach the current Banking system [c]
Ecobank, the pan-African banking troup, through its representative office in Ethiopia, has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to send money instantly to any Dashen Bank account, [c]
Customers to benefit from zero fees for transactions at the best forex rates. LemiFi targets over 500,000 Kenyans living in the Diaspora. Platform offers multiple currency options for customers. LemFi to partner with Pesa Swap. [c]
NALA also announced its cross border payments platform for businesses, which it anticipates will ease frictions for capital inflows to Kenya. NALA for Business will integrate harmoniously with major banks to better connect pay-ins internationally. Currently the product is live in the UK and EU to Tanzania, but the company hopes to launch in Kenya once the appropriate licensing is in place. [c]
The KrosPayz digital wallet, set to go live first in Malawi this April, will enable customers to pay for national and international utility bill payments, airtime recharge, execute their domestic fund transfers to individuals and companies, and also pay in the local markets for their purchases via QR code. [c]
WorldRemit, a digital remittances company, announces the results of its second Cost of Living index, where the organization has sought to understand how the worsening inflation crisis has affected the lives of international money senders around [c]
By Ivan Kanyali Every year, people around the world face the devastating impacts of conflicts, diseases, disasters, and climate change that force them to consider migrating to a new country. According to the United Nations, the [c]
Copia Global, the B2C platform which provides e-commerce solutions for the 800 million middle to low-income African consumers, has announced a partnership with Cellulant, a the pan-African payments technology company, to simplify payments for its [c]
By Ivan Kanyali In 2021, remittance inflows to Kenya reached an all-time record of $3.71 billion, an increase of more than ten times since 2005. Central Bank of Kenya (CBK) data further shows that in [c]
Tatu City, the 5,000-acre new city on Nairobi’s doorstep, will fly a lucky Kenyan diaspora raffle winner home from any location in the world. Entry into the raffle is free and open to any Kenyan [c]
By Sharon Kinyanjui February marks the annual observance of Black History Month in the US and Canada. Black History Month began in the US in the 1970s as a way of remembering important people and [c]
The Central Bank of Kenya (CBK) has released the results of the inaugural Diaspora Remittances Survey. The Survey was conducted from March to May 2021, and aimed at collecting valuable information on remittance inflows to [c]
The fusion of finance and digital technology has powered one of the most exciting and rapid phases of development in Kenya and the world. Cross-border money transfer is now easier, safer, and more reliable for [c]
If you have ever received money from a friend or relative living abroad or if you live and work in the diaspora and need to send money back home, it is likely that you are [c]
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