In March 2021, the Central Bank of Nigeria (CBN) released the list of 47 International Money Transfer Operators (IMTOs) approved to receive remittances from Diaspora Nigerians. The approved money transfer services to Nigeria are from …
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 in the diaspora is estimated to be over 5 million. The …
Small World and Ecobank have entered into a partnership to provide fast, convenient and affordable remittance services to Africans in the diaspora. Small World is a global money transfer service that allows Africans in the …
Ecobank in Nigeria has launched a new money transfer service by email, SMS and WhatsApp via Ecobank app. This opportunity could not have come at a better time when many people are self-isolating and keeping …
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 …
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 mobile wallets and bank accounts in Kenya. Taptap Send earns a …
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 …
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 percent. This is contained in a press release from the Central …
Azimo, the British money transfer company, has stopped money transfer services to naira bank accounts and cash pickup in Nigeria. Up until recently, Azimo was one of the popular money transfer services to Nigeria. A …
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 …
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 …
The UK international money transfer company, Transferwise, has stopped offering money transfer services to Nigeria. At least for now. The fintech has been one of the best options for Nigerians in the diaspora to send …
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 …
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 a press release on December 15, 2020 by the two financial …
Polaris Bank has started to make payments in US dollars to money transfer beneficiaries in Nigeria. The service is available to both account and non-account holders. Polaris Bank is one of the largest banks in …
