Mesofinance Media - News #RemittancesMesofinance Media - News #Remittanceshttps://www.mesofinance.org/news/tag/remittancesSun, 11 Jan 2026 23:42:08 -0800http://zoho.com/sites/<![CDATA[Revolut links mobile wallets in Europe to bKash in Bangladesh, M-Pesa in Kenya]]>https://www.mesofinance.org/news/post/revolut-links-mobile-wallets-in-europe-to-bkash-in-bangladesh-m-pesa-in-kenyaRevolut opens channel for remittances to Kenya and Bangladesh.]]>
Revolut, a UK-based fintech with 35 million customers in 150 countries, recently added a mobile wallet feature to its product menu, allowing users in Europe to send money to individuals in Bangladesh and Kenya, based on the recipient's phone number or email address. People in Bangladesh can access funds via the bKash mobile money services, which is affiliated with the Bangladeshi NGO BRAC. In Kenya, recipients can access funds via M-Pesa, a service of UK-based Vodafone.

"Sending money home is a problem many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers," said Akshat Mittal, Revolut's General Manager for International Payments. Revolut, which was launched in 2015, offers services such as insurance, investments, peer-to-peer chat, payment-card processing and vacation-home rental. The firm reports having brought in total revenue of USD 1.1 billion during 2022.
]]>Thu, 08 Feb 2024 16:52:48 -0500<![CDATA[Orange Money engages TerraPay to offer remittances in Mali]]>https://www.mesofinance.org/news/post/orange-money-engages-terrapay-to-offer-remittances-in-maliA new cross-border payment option in Mali]]>

The local arm of Orange Money, a mobile money service of France-based telecom Orange, has launched a partnership with TerraPay, a UK-based cross-border payments network, to allow people in Mali to receive money from 210 countries. The transactions generally take less than one minute to process. Recipients can cash out the money or keep it in their mobile wallets to relay to other people, send bill payments or make retail purchases. Orange has 287 million customers in 26 countries, including 13 million mobile users in Mali.
Author: Rohan Kumar Agarwal
]]>Thu, 25 Jan 2024 14:34:06 -0500<![CDATA[Moneytrans, IFAD seek to move remittances to Morocco to electronic channel]]>https://www.mesofinance.org/news/post/moneytrans-ifad-seek-to-move-remittances-to-morocco-to-electronic-channelMoneytrans, IFAD Seek to Move Remittances to Morocco to Electronic Channel]]>

The UN’s International Fund for Agricultural Development (IFAD) and Belgium-based Moneytrans Payment Services recently partnered on an effort to encourage migrants from Morocco who live in Europe to use electronic channels rather than cash-based systems to send money home. This can allow migrants to spend less in transfer fees as well as boost access for senders and recipients to savings and credit opportunities. IFAD Program Manager Pedro de Vasconcelos said, “IFAD’s support will promote the digital transition and financial inclusion of a category of migrant workers who are particularly resistant to the idea of using non-cash transaction methods and who know little about the advantages offered by the financial services that would become accessible.” The goal is for 18,000 workers to adopt digital channels for sending money to 31,000 family members, of whom 30% live in rural areas. During 2021, Moroccans living abroad sent USD 10 billion home. Moneytrans serves 140 countries.

Author: Pranav Agarwal

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