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WorldRemit Expands Instant Money Transfers in Nigeria

WorldRemit, the global money transfer app, today introduces instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than 140 cash pickup locations in Nigeria, instantly.People in more than 50 countries can use the app to send to Nigeria. Recipients can collect money instantly from 140 branches of Skye Bank.

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Payments via social media to drive mobile money transfer market to 13bn transactions this year

The number of mobile money transfers is expected to increase by nearly 150% in 2015.
A new report from Juniper Research has found that the number of mobile money transfers is expected to increase by nearly 150 per cent in 2015 to more than 13 billion, with several social media firms already seeing a dramatic rise in service usage.

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The man changing the world of remittances

In the years following the attacks of 11 September 2001, it is not surprising that Western security forces and authorities clamped down hard on the money transfer industry. Fearful that some remittances being sent to countries in eastern Africa, the Middle East and South Asia could be being used to fund terrorist activities, a number of smaller money transfer companies were shut down.

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New Study Finds Positive Impact of Remittances More Widespread than Previously Thought

The University of Colorado Boulder Leeds School of Business, which includes the well-regarded Business Research Division, and The Western Union Company, a leader in global payment services, today announced the release of a first-of-its-kind study that sheds new light on the positive impact of cross-border money transfer broadly and of Western Union services in particular.

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