WorldRemit
Source: WorldRemit |

WorldRemit raises $40m to target 5 million customers in Africa

Series C funding round brings the total amount raised to $220m

Leading digital money transfer service WorldRemit (www.WorldRemit.com) has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.    As part of the expansion, WorldRemit will enable customers in Africa to transfer money…

WorldRemit
Source: WorldRemit |

Arsenal welcomes WorldRemit as first-ever Official Online Money Transfer Partner

Leading digital money transfer company WorldRemit and Arsenal partner to use the power of football to find a better way to connect communities

WorldRemit (www.WorldRemit.com) becomes the first Official Online Money Transfer Partner of the Premier League club, Arsenal (www.Arsenal.com). The leading digital money transfer business, formed by a UK-based entrepreneur from Somaliland, has joined forces with Arsenal to accelerate the company’s growth and help more people save money on international transfers. The…

Source: WorldRemit |

Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa

Instant cash pickup service to become available at over 2,000 Wafacash locations in 7 countries

Morocco-based financial services company Wafacash (www.Wafacash.com) is scaling up operations with leading digital money transfer service WorldRemit (www.WorldRemit.com) to offer instant money transfers across West and Central Africa. The companies already work together in Morocco and Senegal, but will expand into Cameroon, Benin, Burkina Faso, Niger and Cote D’Ivoire before…

Source: WorldRemit |

Huawei partners with WorldRemit to accelerate growth of low cost mobile-to-mobile money transfers to Africa

New service adds international remittances to Huawei’s suite of mobile money products servicing over 100 million accounts

Leading digital money transfer service WorldRemit (www.WorldRemit.com) and Huawei (www.Huawei.com/en) have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa. The partnership, which was announced at the GSMA’s Mobile 360 conference (www.Mobile360Series.com) in Dar es Salaam, enables Huawei…

WorldRemit
Source: WorldRemit |

WorldRemit launches with Android Pay to offer mobile-to-mobile transfers to the world’s unbanked

The integration will enable Android Pay users to send money +112 million mobile money accounts accessible via WorldRemit

WorldRemit (www.WorldRemit.com), the leading digital money transfer service has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Pioneering a mobile-first approach to the $600bn a year remittance industry, the move sees WorldRemit…

Source: WorldRemit |

Kenyans abroad are the biggest senders of mobile to mobile remittances

As M-PESA turns 10, data shows 93% of WorldRemit’s money transfers to Kenya go to mobile money accounts

To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit (www.WorldRemit.com) has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now - showing that Kenyans…

Source: WorldRemit |

WorldRemit sees huge growth in money transfers to Tanzania

Digital money transfer service hits 10,000 unique transactions per month

Digital money transfer service World Remit (www.WorldRemit.com/en/Tanzania) is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad. Today WorldRemit is announcing: A new record of 10,000 unique transactions completed in the month of December 2016 alone; 150%…

WorldRemit
Source: WorldRemit |

WorldRemit to kickstart uptake of Digital Money Transfers to Cameroon

Digital remittance service completes series of strategic deals with Cameroon partners

Leading remittance service WorldRemit (Worldremit.com/en/Cameroon) is set to accelerate adoption of digital money transfers to Cameroon, after completing a series of strategic deals with local partners. WorldRemit’s new partnerships with MTN Mobile Money, Express Union and Banque Atlantique ensure that people in Cameroon can choose to receive remittances in a…

WorldRemit
Source: WorldRemit |

WorldRemit commends Restoration of Money Transfers to Nigeria

Nigerian diaspora to benefit from increased competition in remittance market

WorldRemit (www.WorldRemit.com/en/Nigeria), the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and ten other international money transfer operators (IMTOs). At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian…

WorldRemit
Source: WorldRemit |

WorldRemit Calls for Urgent Restoration of Money Transfers to Nigeria

Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue

WorldRemit (www.WorldRemit.com), a leading online remittance provider, is calling for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable to provide services to the West African country. Only three companies – Western Union, MoneyGram and Ria - will be…