Digital money transfer service WorldRemit has raised $40m to serve 10 million customers connected to emerging markets. With the funds, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as sending an instant message, using the WorldRemit app. Countries in Africa which now receive remittances ...
Digital money transfer firm WorldRemit has partnered with Morocco-based financial services firm Wafacash to scale up 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 the end of the ...
Digital money transfer service WorldRemit and the National Bank of Kenya (NBK) have partnered to enable Kenyans living abroad to make instant transfers home directly and instantly to NBK accounts held in both Kenyan Shillings and US Dollars. WorldRemit users can also send funds for cash pickup in KES across ...
WorldRemit is partnering with leading mobile money operators to increase mobile to mobile remittances and unlock the millions lost in sending money to Tanzania from around the world in a move expected expected to cut the overall costs of remittances for both the senders and recipients by as much as ...
Digital money transfer service WorldRemit 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 in partnership with leading players in mobile payments from Silicon Valley and Sub-Saharan Africa. According to Alice Newton-Rex, ...
With a $140m war chest from Accel Partners, TCV and Silicon Valley Bank, digital money transfer service WorldRemit has launched in the US, Western Union and Moneygram's turf, aiming to revolutionize the $135 billion US remittance market with its mobile to mobile remittance service. “We’re excited to bring mobile-to-mobile remittances ...
WorldRemit, a digital money transfer service has recorded 10,000 unique transactions completed in the month of December 2016 alone. The firm also says it saw a 150% YoY growth in 2016, driven primarily by the rapid expansion of Mobile Money accounts as the preferred receive method. According to Ismail Ahmed, ...
WorldRemit CEO WorldRemit.com has been approved by the Central Bank of Nigeria (CBN) to resume international money transfer services to Nigeria, after its services and of hundreds others were suspended at the beginning of August 2016. According to Ismail Ahmed, founder and CEO of WorldRemit, “We launched our ...
Instant money transfer service WorldRemit has launched instant overseas remittances to Mobile Money accounts in Malawi allowing users to securely send money transfers to any Airtel Money account in the country as well as pay for goods and services with their phones. With some 2.5 million Mobile Money accounts, the move will ...
WorldRemit, 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 able ...
Alix Murphy Kenyans living abroad have now sent one million money transfers with WorldRemit, an international money transfer service based in UK, promising users safe, instant transfers at the touch of a button to Kenya and across the world. WorldRemit allows users to send money to their loved ...
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 ...
Online money transfer service WorldRemit has appointed Alix Murphy as Senior Mobile Analyst. A leading Mobile Money specialist, Alix will help build and support commercial relationships with telecoms operators all over the world, as well as maximise Mobile Money opportunities for the company. Prior to WorldRemit, Alix was Market Intelligence analyst ...
WorldRemit, an online money transfer service has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners in a move that will allow it to expand. The firm has 50 send countries and 117 receive countries and will also ...
WorldRemit, an online money transfer service has signed an agreement with MTN to enable its customers send money directly and instantly to MTN’s Mobile Money customers in Uganda, Rwanda and Zambia, a move the firms say will reach millions with a life-enhancing financial services including savings and insurance schemes. This ...
Tanzania's Zantel EzyPesa has partnered with online money transfer service WorldRemit in a move that will allow EzyPesa customers receive money from WorldRemit from their family and friends. Zantel EzyPesa puts WorldRemit's transfers to two of Tanzania’s four Mobile Money services as the firm earlier signed a similar deal ...
After launching in Somalia sometime last year, and in Ghana early January, online money remittance service WorldRemit, today closed a $40 million investment round from Accel Partners, it's first ever and largest Series A raised in Europe. The 2009 founded firm, has a partnership with Safaricom's M-PESA, international banks, mobile ...
