The global average cost of sending remittances was at 7.2 percent in 2017 Q3, significantly higher than the SDG\u00a0target of 3 percent.\u00a0 According to the <a href="http:\/\/www.knomad.org\/sites\/default\/files\/2017-12\/Migration%20and%20Development%20Report%2012-14-17%20web.pdf?mc_cid=a8f60e8ce7&mc_eid=c814f687b7" target="_blank" rel="noopener">World Bank,<\/a> two major\u00a0factors contributing to high costs include the de-risking\u00a0behavior of commercial banks and exclusive partnerships between national post office systems and a\u00a0single money transfer operators-especially monopoly players to stifle market competition and share the remittance fees.\n\n<a href="https:\/\/orobo.com\/" target="_blank" rel="noopener">OROBO,<\/a>\u00a0a newly launched money transfer service by Saana Holdings aims to open up cross- border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and other parts of West Africa in a move expected to end the high remittance fees to the continent and increase financial inclusion in Africa.\n\n"OROBO mission has always been using technology to solve the day-to-day challenges faced by the Africans and the Diasporas living outside the African continent, which they encounter when it comes to remittance and cross-border bill payments, both at the personal and business levels. Our Partnership with OpenWay is a way forward to achieve the last miles of our vision as a leading African fin-tech innovation services provider in promoting efficiency and improving quality of life. This means Africa is moving forward in terms of payments technology." \u2013 Chiedu Okeke, CEO, OROBO Inc.\n\nOROBO allows users to transfer money from the United States of America to Nigeria from\u00a0New Jersey, Washington DC, South Carolina and New Mexico. The app also allows bill payments for services within Nigeria. Unlike traditional card-based bank transfers, OROBO provides a last-mile service for remittance recipients allowing them to access funds via Bank, ATMs and mobile agents locally after an integration with the WAY4 digital payments platform provided by OpenWay.\n\nOpenWay's WAY4 system has account and card management, merchant acquiring, financial switching and mobile wallet and will help it move\u00a0into a full- fledged transaction processing company across Africa.\u00a0OpenWay also allows for uninterrupted 24\/7 digital processing for multi-country, multi-currency payments as it can be implemented on-premises or in the cloud to provide online reconciliation, quick connectivity, data-rich reporting good for new digital services such as tokenization, cash-by-code and online wallets.\n\n"We are pleased that our technology will help people in West Africa receive transfers in a convenient way, and contribute to financial inclusion, economic growth and the development of fintech innovations in the region. I am convinced that the power and flexibility of the WAY4 solution along with its ability to support both traditional and innovative business models is what OROBO requires to move forward with their ambitious strategy." \u2013 Wilfred Waiganjo, Regional Sales Manager \u2013 Africa, OpenWay.