By Ivan Kanyali Personal finance and financial goal setting in Kenya, is a popular topic in December – as many Kenyans begin to reflect on the year that was and create savings goals for the [c]
The latest results from the WorldRemit Cost of Christmas Study show that Kenyan families are expected to spend 17% less on Christmas celebrations this year compared to 2021. The average spending on Christmas is, however, expected to [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]
Right from birth, kids begin to actively pick up skills and knowledge as they engage with different environments. From the social skills they learn at home to the hygiene skills taught at school, all contribute [c]
The financial sector has in the last decade undergone a full scale digital transformation that has changed how users send and receive money. Sending money across borders is today as simple as sending a text [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]
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]
Financial success is an important goal to many people and rarely misses in new year resolutions. Most of us focus on the most logical option to achieve our financial goals – increasing our income. While [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]
With the holiday season kicking off, families around the world are making plans to celebrate the season with unique traditions, once-a-year meals, gifts and more. In line with this exciting time, global payments company WorldRemit [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]
By Sharon Kinyanjui Remittance inflows – money sent back home by Kenyans abroad – continue to provide a stable source of foreign exchange for Kenya while supporting many households. Data from the Central Bank of [c]
Ramadan is a time of reflection and togetherness. The pandemic has not changed this experience but shifted it to the online world. Digital Ramadan is now the norm and digital payments have played a key [c]
A team led by WorldRemit founder Ismail Ahmed has launched Sahamiye Foundation, a philanthropic organisation focused on using technology and innovation to tackle Somaliland’s most pressing development challenges. Over the next 10 years, Ismail Ahmed’s [c]
As part of the commitment to be creating opportunities and facilitating development in Africa, WorldRemit, the digital money transfer service, has announced the launch of its WorldRemit Entrepreneurs Program in Kenya, as well as in Nigeria, [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]
WorldRemit has announced that 16 applicants from Africa have been shortlisted for its Future Stars programme, with 8 of the finalists being female coaches. WorldRemit and Arsenal launched the second edition of the Future Stars [c]
Arsenal and online money transfer service, WorldRemit, are offering one male and one female football coach from Africa or the Americas the chance to attend an exclusive training programme with Arsenal Football Development coaches in London. [c]
A new survey from online international money transfer service WorldRemit reveals how the estimated 3 million Kenyans living abroad celebrate their mums on Mother’s Day. The just released WorldRemit survey of customers sending money to Kenya reveals: [c]
Lebara and WorldRemit have entered into a partnership making WorldRemit the exclusive global money transfer partner of Lebara, including transfers to over 40 African countries. The deal allows over 3 million Lebara Mobile and Lebara [c]
The high costs of sending money home means that Kenyans in diaspora are losing up to 11.35 % when sending money home. Each year, about Kshs 1.75 trillion (US $1.7 billion) is sent into Kenya [c]
WorldRemit has raised US $40 million to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa. As part of the [c]
Vinai Venkatesham, Arsenal’s Chief Commercial Officer, and Ismail Ahmed, CEO of WorldRemit discussing the new partnership and the shared values of the team and company. The video features Arsenal’s work in the community and leading [c]
WorldRemit has been named as the first Official Online Money Transfer Partner of the Premier League club, Arsenal. The digital money transfer business, founded by Ismail Ahmed, a UK-based entrepreneur from Somaliland, has partnered with Arsenal to [c]
Morocco-based financial services company Wafacash has expanded its partnership with digital money transfer provider WorldRemit to offer instant money transfers across West and Central Africa. The companies already work together in Morocco and Senegal, but will expand into [c]
WorldRemit and the National Bank of Kenya (NBK) have launched a partnership to enable Kenyans living abroad to make instant transfers home. WorldRemit users can now make instant bank deposits to NBK accounts held in both Kenyan Shillings [c]
WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa. The partnership, which was announced at the GSMA’s Mobile 360 conference in Dar es Salaam, [c]
WorldRemit, the digital money transfer service, has added Android Pay to its service in a move meant to offer a new way for its Android Pay users to send money internationally and reach millions using [c]
Digital money transfer service WorldRemit is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad. The WorldRemit platform has a new record [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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