WorldRemit to Acquire Sendwave in $500 Million Payments Deal (1)

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WorldRemit Ltd., a U.K. online money transfer company, has agreed to buy Africa-focused, app-based remittance firm Sendwave as the global pandemic intensifies demand for digital banking. The cash and...

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Airtel Africa connects with WorldRemit to grow its money transfer business

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Airtel Africa, a telecommunications and mobile money services company, is scaling up its operations with the help of WorldRemit, a digital money transfer service provider, to broaden its instant...

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Outgoing CEO Rob Shuter leaves MTN on the right track for growth

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By Penelope Mashego MTN president and CEO Rob Shuter will officially leave the telecommunications company in March next year at the end of his four-year contract. In the past...

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Airtel extends network with WorldRemit, to offer instant money transfers across Africa

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KAMPALA — Airtel Africa is scaling up its operations with WorldRemit, the global digital money transfer service that operates in over 50 send countries to over 150 receive countries....

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Airtel Africa partners Mukuru on cross-border money transfer

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Airtel Africa Plc and Mukuru, one of Africa’s largest remittance organisations, have announced a partnership that will enable Mukuru customers send cross-border transfers directly to Airtel Money customer wallets in...

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High Fees Make Bitcoin Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’

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Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded...

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96m Nigerians lack access to mobile money services, says central bank

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2 per cent of Nigeria’s adult population are financially served NIPOST can now operate Conditional Cash Transfer Over 267 thousand mobile money agents as of February 2020 By Charles...

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RBZ places mobile money platforms under strict Zimswitch surveillance

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By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) has moved to place the country’s mobile money platforms under strict surveillance by compelling them to join the Zimswitch platform....

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Money Transfer Startup Remitly Nets $85M On $1.5B Valuation

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Fintech startup Remitly has raised $85 million in a new round of funding, bumping its valuation up to $1.5 billion. Remitly facilitates international money transfers. More specifically, the company is focused...

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MTN plans to sell shares through mobile money

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By Christine Kasemiire (Daily monitor) Congratulations on the extension of the licence. How was the experience leading upto that moment? The negotiations and discussions took quite long. We started...

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