Home » Posts tagged with » Western Union

US Money Transfer Firm Enters Kenyan Market

American money transfer company, Trans-Fast has entered the Kenyan market through a partnership with ABC Bank. Trans-Fast allows customers to send money through the online platform, mobile application or depositing directly into recipients’ bank accounts. “The introduction of Trans-Fast is part of ABC Bank’s strategy for diaspora customer acquisition and also appropriately caters for local […]

A local technology firm is eyeing a share of the international remittances with an application that can be integrated with any mobile money network for direct cash transfers using phones. Information technology firm AVLC Group has developed Instant Matrix, an android-based application, joining a number of companies such as a UK-based Skrills that has partnered […]

Continue reading …

“It’s a convenience thing. People will use the channel and the touch point most convenient to them.” This is according to Richard Malcolm, south and east African regional vice president for Western Union. The US-based company provides global payments services, allowing consumers and businesses to send and receive money around the world. While Western Union […]

Continue reading …

Financial lifeline for poor around the world under threat as UK bank plans to stop cash transfers. Somalia receives around $160m a year from the UK’s Somali community, but now those transfers are in danger of being cut off. Barclays Bank has announced it will stop providing services to money transfer companies by the end […]

Continue reading …

KCB has stepped up its claim for a bigger share of the diaspora remittances market by signing a partnership with Western Union, which will see money remitted from abroad deposited directly into customers’ accounts. Central Bank of Kenya (CBK) reports show that in January, KCB was ranked third behind Equity Bank and Co-operative Bankin terms of remittances handled. Equity […]

Continue reading …