On Wednesday, news leaked that Western Union is in talks to acquire its smaller rival MoneyGram, a move that WorldRemit believe would affect Africa, considering its profound consequences for competition in the remittance market. WorldRemit’s founder and CEO, Ismail Ahmed, said: “Western Union is reported to be in talks to ...
Sending money from the US to Kenya via Western Union and MoneyGram is expensive as senders have to pay fees and wait for hours or even days to have the sums delivered to reciepients even if they call themselves instant money remittance services. That's set to change though. Launched in ...
Global money transfer firm MoneyGram has opened an office in Nairobi to support its growing customer base and grow its agent network. The new regional office marks the Company’s fourth in Africa, with others in Morocco, South Africa and Nigeria. East Africa, widely considered a booming hub of economic activity ...
In October MoneyGram and Safaricom announced they will partner to allow rapid money transfer from MoneyGram directly to M-PESA. Today the firms launched a new service that enables consumers in over 90 countries outside Kenya to send money directly to M-PESA, with a move to make it easier, faster and ...
After hitting its £1bn (1.6billion) in transfers, and raising $25m from Sir Richard Branson and others , TransferWise is going for the banks revenue, moving beyond the ‘early adopter phase’. TransferWise today has redesigned its website, giving it a more its users a streamlined and more intuitive user experience, a ...
World’s leading money transfer companies; Western Union and Moneygram are on the thin end of the wedge after an accusation that has claimed high premium charges of up to 12 per cent on remittances into Africa. The excessive charges add up to $1.8 billion annually, a significant leap from global ...
