List of Money Transfer Services to Nigeria
In March 2021, the Central Bank of Nigeria (CBN) released the list of 47 International Money Transfer Operators (IMTOs) approved to receive remittances from …
Moroccans in Diaspora Sent Home Over $7 Billion in 2020
Moroccans in the diaspora sent home 67.99 billion Moroccan dirham ($7.54 billion) in 2020, according to Foreign Exchange Office. The number of Moroccans living …
Small World Enters Into Remittance Partnership With Ecobank
Small World and Ecobank have entered into a partnership to provide fast, convenient and affordable remittance services to Africans in the diaspora. Small World …
Ecobank Introduces Money Transfer Through WhatsApp, Email and SMS
Ecobank in Nigeria has launched a new money transfer service by email, SMS and WhatsApp via Ecobank app. This opportunity could not have come …
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 …
Taptap Send Launches Free Money Transfer Service to Kenya
The British money transfer service Taptap Send has launched its services to Kenya. Kenyans in Europe can now send money for free to M-Pesa …
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 …
Kenyans in Diaspora Send Over $300M Despite Coronavirus Pandemic
Despite the coronavirus pandemic, Kenya remittance inflows increased to US$3,094 million in 2020 from US$2,796 million in 2019, which was an increase of 10.7 …
Azimo Stops Money Transfer to Naira Bank Accounts and Cash Pickup
Azimo, the British money transfer company, has stopped money transfer services to naira bank accounts and cash pickup in Nigeria. Up until recently, Azimo …
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 …
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) …
You Can No Longer Send Money to Nigeria Using Transferwise
The UK international money transfer company, Transferwise, has stopped offering money transfer services to Nigeria. At least for now. The fintech has been one …
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 …
Co-opRemit – a New Global Money Transfer Solution in Kenya
Co-operative Bank of Kenya and Thunes, a cross-border payment solution, have partnered to offer an alternative global money transfer solution, Co-op Remit. According to …
Polaris Bank Pays Out Money Transfers in US Dollars in Nigeria
Polaris Bank has started to make payments in US dollars to money transfer beneficiaries in Nigeria. The service is available to both account and …