The Mastercard Economics Institute released ‘Economic Outlook 2025’, its annual report identifying the themes that will shape next year’s economic landscape. The global economy has managed through a series of shocks admirably over the past few years. [c]
NCBA has signed a Memorandum of Understanding (MoU) with Xpress Money, a cross-border international payment solutions platform, to offer efficient remittance services to its diaspora customers. The strategic partnership will provide NCBA customers access to [c]
Bamboo, the investment platform enabling Africans to invest globally through real-time access to global markets, has announced the launch of its remittance app, “Coins by Bamboo.” Backed by the Canadian Money Service Business licence, the new remittance app, [c]
NCBA Bank has onboarded Nala Payments, a global fintech company specialising in remittance services to Africa, as a partner in settling cross-border payments. NALA Payments, having obtained a remittance license from the Central Bank of [c]
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money [c]
Leatherback, a global banking service provider for individuals and businesses, has entered into a strategic partnership with YES BANK, a leader in India’s private banking sector, to enable easier remittance and Indian Rupee (INR) payouts in [c]
A transformative collaboration aimed at broadening access to remittances across Africa has been forged among Coronation Group, Access Holdings, Safaricom and M-PESA Africa as the parties come together in a strategic alliance dedicated to propelling [c]
Mobile money and remittances will continue to dominate Africa’s economic development if they are supported with tools to boost data-driven transparency and compliance, according to a new whitepaper, released by Global Voice Group (GVG), a [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]
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]
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]
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]
Kenya’s inflation hit a 63-month high of 9.2% in September, according to monthly inflation data provided by the Kenya National Bureau of Statistics (KNBS). The rising cost of food, fuel and other basic commodities is [c]
WorldRemit has released the results of a survey it conducted in July to understand the impact of the global rise in the cost of living on remittances sent back home by migrants living and working [c]
Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed in the UK and United States, to facilitate diaspora remittances into Kenya. This partnership will allow Kenyans living [c]
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