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digital money transfer

FinTech

Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa

Zintle -
Fonbnk, a US-based company that leverages the widespread penetration of billions of prepaid mobile SIM cards to enable interoperability between the Web3 internet and traditional fiat-based monetary systems, announced on Tuesday the closing of a $3.5 million seed round. Fonbnk...
FinTech

WorldRemit launches new product for business payments to South Africa

Fundi Maseko -
Digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to pay their employees and contractors in 140 countries worldwide, including fast-growing markets such as Ghana, Kenya, and South...
East Africa

Safaricom partners with WorldRemit for digital money transfers

Staff Writer -
Digital money transfer service WorldRemit has signed a direct partnership with Safaricom to enable instant cross-border money transfers to 28.6 million M-PESA mobile money accounts in Kenya. The direct partnership marks the culmination of years of rapidly growing volumes of...
FinTech

First Bank partners WorldRemit for digital money transfers to Nigeria

Staff Writer -
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria. The new strategic partnership considerably expands WorldRemit’s footprint in the country and allows...
East Africa

WorldRemit raises $40 million for emerging market expansion

Staff Writer -
Digital money transfer service, WorldRemit, announced on Thursday 7 December 2017 that it has raised $40 million which will be used to drive its next phase of growth, supporting its plan to serve 10 million customers connected to emerging...
East Africa

NBK, WorldRemit partner to offer instant money transfers to Kenya

Staff Writer -
Digital money transfer service, 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...
Mobile and Telecoms

Xoom expands reach in Africa with instant bank transfers in Nigeria

Staff Writer -
Xoom, a digital money transfer provider, has revealed that it will be expanding its services in Africa. The company revealed that the move will essentially allow individuals in the United States to send money to Nigeria via a mobile phone,...
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Latest News

Digital TransformationMamsi Nkosi -

Ethio Telecom & AfDB Partnership to Drive Ethiopia’s Digital Economy

In a strategic effort to support Africa's digital transformation, Ethio Telecom has partnered with the African Development Bank (AfDB)...
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