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Mukuru Money Transfer is an international remittance platform founded by a Zimbabwean entrepreneur Rob Burrell. [1] It begins offering remittances in 2009. [ 2 ] [ 3 ] It partnered with the World Food Programme at the Tongogara Refugee Camp in Zimbabwe to deliver aid and support the local community.
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
In early 2014 CurrencyFair became the first platform in the world to break the $1 billion (€916 million) barrier in money-matching transfers and in April 2017 CurrencyFair revamped their platform to enable SMEs to use the service. [6] CurrencyFair announced at the Web Summit in Lisbon in 2016 that it had raised €8 million in funding. [7]
WorldRemit focuses on cross border remittance money transfers from over 50 countries to over 130 countries around the world. [8] For those receiving money, it offers pay out options including bank deposit, mobile money, mobile airtime top-up and cash pick-up as well as cash delivery. The firm has a network of more than 5,000 corridors.
On 31 December 2019, Travelex took its UK and international websites and mobile apps offline following a reported cyber incident [17] an action that also affected a number of large corporate third parties to whom Travelex provided a white-labelled travel money service [17] including the online travel money services of supermarket chains such as ASDA, Tesco and Sainsbury's, of which Travelex ...
Orange Money is also a core component of "mobile money" interoperability in Africa. Telma, Orange and Airtel announced on 9 September 2016 that their respective mobile payment services are now all mutually compatible. That same month, the Orange Money offer reached 20 million customers in the Africa and Middle-East zone (up 30% in a year). [12]
In June, the printing of this denomination was moved from the South African Bank Note Company to Crane Currency's Swedish division , which reportedly produced 80 million 100 rand notes. [38] The South African Reserve Bank shredded 3.6 million 100-rand banknotes printed by Crane Currency because they had the same serial numbers as a batch ...
The Abuja Treaty, an international agreement signed on June 3, 1991, in Abuja, Nigeria, created the African Economic Community, and called for an African Central Bank to follow by 2028. As of 2019 [update] , the plan is to establish an African Economic Community with a single currency by 2023.
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