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SimbaPay Expands Diaspora Banking Service To 5 European Countries

Digital money transfer provider SimbaPay has expanded its services to five new countries as diaspora banking kicks up. SimbaPay – which began to allow Kenyans living abroad to make M-Pesa paybill payments last June – has extended its instant Africa money transfer service to France, Germany, Ireland, Italy and Spain in addition to the United […]

Recently licensed Choice Microfinance Bank has entered into an agreement with London-based digital money transfer firm SimbaPay that will see Kenyans living in the UK transfer money home for free. Money transfers made to Choice MFB by Kenyans living abroad using SimbaPay will be credited instantly. “Kenyans living in the UK with a bank account, […]

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The amount of hard currency sent into Kenya by its citizens living abroad, known as remittances, jumped 20.34 per cent in August from the same month last year, the Central Bank of Kenya said on Friday. Like other African economies, Kenya sees funds sent home for various reasons like support for relatives, as a vital […]

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Postbank has signed a partnership agreement with international money transfer services firm RIA seeking a slice of the lucrative remittances business. Postbank will be the local agent for RIA in a move it says will help it boost revenues through commissions income. The partnership will enable RIA’s customers to use the 99 Postbank branches across […]

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Kenyans living in the United Arab Emirates and the UK can now send money directly to their friends and family back home through the M-Pesa mobile cash transfer system.   Safaricom has signed a partnership deal with Abu Dhabi-based Xpress Money Services to offer direct cash transfers to M-Pesa customers abroad. The deal will also benefit […]

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