Let's learn how online remittances fuel African economies and outlook 2020.

The know your customer or know your client guidelines in financial services requires that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship.

In a country where social norm does not allow the property to be transferred to women, it is indeed hard for women to make big investments on their own. In Kenya, this conservatism deeply affects the way financial institutions treat women.

International Money Transfer Operators (IMTOs) mostly use international banking networks to carry out high-speed transactions. Licensed IMTOs, in their initial stages, were considered as a subsidiary of banks. However, because of multiple factors, migrants, NGOs, businesses are turning down the banks. In this blog, we will discuss 7 reasons why IMTOs are preferred over international money transferring banks.

Nigeria is one of the countries in Africa that has shown greater economic development in the past decade. The government and people use the money they receive from their oil reserves.

Money transfer plays an essential role in one’s life. When it comes to transferring money from one country to another, high remittance costs hampers the entire process. High remittances costs affect not only the individual who is sending money but also particularly for the country as high remittances can disrupt its economy.