Kazakhstanis will be able to pay for goods in shops using mobile communication. The national operator Kazpost has launched aRead more
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.Read more
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.
New money transfer service from Posta Romana-Posta Moldovei : EUR 5 fee and 5 minutes. On March 30, Pavel Filip, Moldovan Minister of ICT and Alexandru Petrescu, CEO of Posta Romana presented the start of an own dedicated money transfer service between the two national postal networks. One flat fee of EUR 5 for transfers up to EUR 1,000.Read more
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.Read more
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.Read more
Antananarivo, Madagascar. – Orange Madagascar and MFS Africa today announced the launch of the online money transfer service Orange Money Transfert International, whereby Orange customers in Madagascar can receive international remittances directly to their Orange Money accounts.Read more
Foreign remittance by expats in Saudi Arabia reached SR148 billion ($14.7 billion) last year, up 18 per cent compared to 2012, said a report.
Personal foreign remittances of Saudis and expats reached SR226.6 billion in 2013, up 16.5 per cent compared to 2012, the highest in 20 years, said the Arab News report.Read more