REMITTANCES

Nigeria: Money transfer company supports CBN on dollar account

International remittance service provider, WorldRemit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt. Country Manager, WorldRemit, Nigeria and Ghana, Gbenga Okejimi, stated that the move would enhance remittance payments for those who receive support from family and friends abroad. The …

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Nigeria: Government warns banks over refusal to pay remittances in foreign currency

The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency despite the existing directive requiring them to pay in foreign currency, especially in US dollars. The apex bank warned that violators of the order, which it issued on 3 December, could lose their operational licences if they failed to comply with its guidelines …

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How to… earn €12 every time you help a friend

– ADVERTORIAL – TransferGo is proud to help you send money home with low fees, fast delivery, a safe and easy-to-use app, and loads of other things. Naturally, we talk about this stuff a lot.  But there’s another, lesser known benefit to signing up to TransferGo—one that helps you and your friends earn money for doing very little. So if …

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Ecobank Group partners Alipay on intra-African remittance services

LOME, Togo, February 12, 2020/ — The leading pan-African bank, Ecobank, has signed a cross-border remittance agreement with Alipay, the world’s leading payment and lifestyle platform, that aims to bring more inclusive financial services by providing a fast, safe, affordable and convenient way for workers to transfer money back home. The partnership will facilitate instant transfers from Rapidtransfer, Ecobank’s remittance …

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2020 predicted to be the Year of Intra-African remittances

ACCRA, Ghana, February 12th, 2020,-/African Media Agency (AMA)/- Leading online international money transfer company WorldRemit predicts that 2020 will be the year of intra-African remittances. The World Bank already estimates that migrant workers within Africa send remittances in excess of $14 billion dollars each year, and in 2018 intra-African remittances represented 20% of global remittance flows according to Ecobank Group. …

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Why sending money to Africa more expensive than to other continents

Money sent by people living outside their countries of origin accounts for the largest foreign exchange inflow for many nations, indicating the huge importance remittances have assumed as a factor of economic development. For example, Africa received an estimated US$65 billion in remittances in 2018. Sending money to the continent is however more expensive than sending to any other region …

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Nigeria: Diaspora remittances exceeded oil earnings in 2018 – forex dealers’ association

Concerned with the stagnant state of the nation’s economy marred with inconsistent foreign exchange earnings through oil export, the Association of Bureaux De Change Operators of Nigeria (ABCON) has disclosed that forex remittances from Nigerians in the Diaspora far exceeded the country’s earnings from crude oil export last year. The President of ABCON, Alhaji Aminu Gwadabe, who disclosed this to …

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Nigerians’ remittances from UK highest – World Bank

A research by the World Bank has found that Nigerians was the top receiver of cash from the United Kingdom in 2017. Nigeria was ranked the largest remittance recipient in sub-Saharan Africa and the sixth largest amongst lower-middle-income countries. According to the report, Nigerians living in the UK sent £3.27 million back home in 2017. “Remittances to sub-Saharan Africa are …

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Send money to Africa even faster using the MoneyGram-App

As the world’s second-largest provider for international money transfers, MoneyGram consistently works to make sending money even easier for its customers than it already is. Now, there is the new MoneyGram-App, which can be downloaded for free from Google Play Store or Apple Store. Once the app is installed on a mobile phone, the desired amount can be on its …

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Your peace of mind – send money your way to Ghana

MoneyGram, the world’s second-largest provider for international money transfer, offers it’s Ghanaian customers many fast and reliable send and receive options. Senders can send cash from their nearest MoneyGram location, send money online or with the new MoneyGram-App to provide financial support to their family and friends in a reliable way – in just a few minutes*. The MoneyGram-App makes …

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MoneyGram now offers Money-to-Mobile Wallet transfer service to Ghana

Global provider of money transfer and payment services, MoneyGram, has launched a new service that enables its customers to send money directly into any mobile wallet in Ghana. MoneyGram is offering the service in partnership with a local financial technology company, Zeepay Ghana Limited. The service is available on all domestic mobile money wallet platforms – MTN Mobile Money, Vodafone …

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Sending money online to Africa with MoneyGram has never been easier!

Whether you’re shopping, booking holidays, or doing banking, everyday transactions are progressively moving to the digital world. Nothing is faster or simpler: wherever you are, do what you need to do with just a few clicks. It’s clear this trend also applies to money transfer, as more and more people are choosing to send money online to provide financial support …

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MoneyGram MegaDeal: Send money and you can win 100,000 euros!

MoneyGram Plus* members can win 100,000 euros with the new MoneyGram MegaDeal. Additionally, the world’s second biggest money transfer provider will raffle amazing prices worth more than 1,000 euros each from July until December 2017. MoneyGram PLUS clients who make a transaction will receive a leaflet with an activation code to register for the MegaDeal monthly raffle. This personal activation …

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WorldRemit expands presence in Germany

WorldRemit wants to bring its service to more Africans in Germany. This is why the online remittance service provider is currently expanding its presence in the country. The co-founder of the company, Catherine Wines, made the revelation during an interview with The African Courier in Berlin last Friday. Ms Wines, who is also WorldRemit’s executive director for corporate governance, global …

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