Browsing Tag
remittance
30 posts
The $11 Billion Shift: How Ghana’s Diaspora Is Pivoting To Fintech Apps To Send Money Home
In 2024, Ghana officially recorded $6.65 billion in remittance inflows — and when informal channels are included, the…
US Officially Imposes 1% Remittance Tax To African Countries
On January 1, 2026, the “One Big Beautiful Bill Act” (OBBBA) officially introduced a federal 1% excise tax…
Cross Border Fintech Africhange Partners with Griffin to Offer GBP Bank Accounts for UK Users
Africhange, a UK-licensed cross-border fintech, has teamed up with Griffin, a UK bank specializing in fintech partnerships, to…
LemFi Launches AI-Powered ‘Send Now, Pay Later’ for UK Immigrants
LemFi has launched Send Now, Pay Later (SNPL), an artificial intelligence-powered remittance feature that lets immigrants in the…
LemFi Expands to Egypt, Tapping Into $29.6B Remittance Corridor
LemFi, the London-based international payments startup, has launched its services in Egypt, targeting the country’s large diaspora and…
Donald Trump’s “Big Beautiful Bill” Act Adds 1% Tax on Remittances
Starting January 1, 2026, people sending cash remittances abroad from the U.S. will be hit with a 1%…
Bank of Ghana Flags 10 Unapproved Money Transfer Operators Including Hurupay and Eversend
The Bank of Ghana has blacklisted 10 Money Transfer Organisations (MTOs) for operating within the remittance and forex…
Misan, Bamboo’s New Payments App, Targets Seamless African Remittances
Bamboo, the Nigerian investment platform, has launched Misan, a new global payments and remittance app tailored for Africans.…
Moniepoint launches MonieWorld for UK-Based African Diaspora
Nigeria-based fintech Moniepoint has launched MonieWorld, a remittance and digital finance app aimed at the African diaspora in…
Zepz Secures $165M to Boost Remittance Services
Zepz, the parent company of WorldRemit and Sendwave, has secured $165 million in new financing to strengthen its…