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]
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]
Vodacom Group and the SADC Banking Association have signed a memorandum of understanding that will allow the Vodacom Group to join the South African Development Community’s Transactions Cleared on an Immediate Basis (TCIB) payment scheme. [c]
TerraPay, a global payments infrastructure provider, and Visa, the digital payments platform, have announced a partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in [c]
Online international money transfer company WorldRemit predicts that 2020 will be the year of intra-African remittances. The World Bank already estimates that migrant workers within Africa send remittances in excess of $14 billion each year, [c]
New data released this Valentine’s Day by money transfer service WorldRemit shows that Kenyans living in the United Kingdom are the most generous long distance lovers, sending on average US $26 (£21) more than usual [c]
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