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Tranglo money transfer nigeria, ghana, uganda

Tranglo Introduces Money Transfer to Nigeria, Ghana, and Uganda

Tranglo, a global money transfer service, has entered the Sub Saharan Africa market. It has launched services in 3 new money transfer corridors in Nigeria, Ghana, and Uganda. Tranglo supports international remittance, airtime top-ups, and business payments. Founded in 2008 in Malaysia, Tranglo makes international transfers faster, cheaper and secure. Transfers to the three countries …

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crypto remittances Nigeria

Nigerian Banks Ordered to Close Cryptocurrency Accounts

The Central Bank of Nigeria (CBN) released a circular on February 5, 2020 ordering banks and other financial institutions to stop facilitating transactions for cryptocurrency exchanges in Nigeria. The circular also orders banks to close the accounts of any persons or entities found making any cryptocurrency transaction or operating a cryptocurrency exchange. Failure to comply …

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electroneum non monetary remittance to Africa

Electroneum: Crypto-Powered Non-Monetary Remittances to Africa

Electroneum is a UK-based cryptocurrency app that offers non-monetary remittances to Africa. The remittances are in form of electricity bill, airtime, and data top ups for loved ones in 10 African countries. Electricity and mobile top-ups are considered daily essentials. The app uses blockchain and ETN, a cryptocurrency designed for smartphone users. African countries that …

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mobile money transfer to nigeria

Nigeria Suspends International Money Transfers to Mobile Wallets

Mobile money is no longer one of the receiving methods for international money transfers to Nigeria. This follows a Central Bank of Nigeria (CBN) directive that suspends Mobile Money Operators from receiving remittances from international money transfer services. Mobile money services play a significant role in financial inclusion in Nigeria. There are over 60 million …

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azimo and transferwise not licensed in Nigeria

Nigerian Banks Disown Money Transfer Companies. Are They scared?

A crackdown has been launched by five Nigerian retail banks and the Central Bank of Nigeria against two popular European money transfer services, Azimo and Transferwise. The banks have issued disclaimers against the two international transfer platforms, warning members of the public against using their services or do so at their own risk. Transferwise stopped …

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