• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, March 25, 2023
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

KCB Partners with TerraPay to Enhance Cross-border Remittances

Leah WakarimabyLeah Wakarima
October 24, 2022
in Kenyan News
Reading Time: 2 mins read
KCB Group

KCB Bank Kenya customers now have an opportunity to seamlessly receive funds from the diaspora to their accounts in Kenya, powered by a partnership with Mobex.

Mobex is an affiliate company of Terra-Pay Group, a UK-headquartered digital payments infrastructure and solutions provider.

With TerraPay onboard, KCB Bank seeks to fortify its position as a key player in strengthening the global payments ecosystem by giving its customers access to simple, competitive, and faster services leveraging the growing demand for digital channels.

ADVERTISEMENT

“we are reaffirming our commitment to harness technology and strategic partnerships in ensuring that our customers continue to enjoy the freedom of modern banking.” KCB bank director of retail banking Annastacia Kimtai.

She said the bank is utilising fintech capabilities to build linkages and strategic partnerships with like-minded partners to ensure customers have access to top-of-class remittance services.

The bank has been at the forefront of actively championing and accelerating financial inclusion through leveraging collaborations with fintech institutions to become a major processor of remittances and payments around the world.

“This is an exciting time for cross-border payments. We have no doubt that this new partnership with KCB Bank will help us remove the barriers around cross-border money transfers through seamless, secure, and real-time payments across Africa and Asia.” founder and CEO of TerraPay, Ambar Sur

Data from the Central Bank of Kenya indicates that remittance inflows into Kenya grew by 13.2 per cent year-on-year as of September 2022, from $ 3.5 billion (Sh427 billion) in 2021 to $ 4 billion( Sh484 billion.)

This was accelerated by advances in technological innovations that helped people overcome the economic struggles brought about by the Covid-19 pandemic. 


Previous Post

Nigeria Bonds Sink to Near-Record Low in October on Debt Restructuring Plans

Next Post

UAE Bans 20 African Countries Including Nigeria and Uganda From 30-day Visas

Related Posts

President William Ruto rings the bell to officially launch the enhanced Nairobi Securities Exchange Market Place on 11th Oct 2023

Kenya’s new Privatization Bill set to ease sale of state-owned corporations

March 22, 2023
Somalia

Somalia to Qualify for Full Debt Relief by the End of 2023-IMF

March 21, 2023

Kenya to Receive KES 130 Million from AfDB’s Electric Vehicle Fund

March 21, 2023

Ukraine Donates 30,000 Tonnes Of Wheat to Kenya

March 21, 2023

Diaspora Remittances Fall by 11.5% to $ 309.2 Million in February

March 20, 2023

CBK Approves 62.5% Acquisition of First Community Bank by Premier Bank LTD, Somalia

March 20, 2023

Kenya and US to Hold In-Person Trade Talks in April 2023

March 18, 2023

Dividend Aristocrats In Focus: Johnson & Johnson

March 17, 2023
Load More
Next Post
UAE

UAE Bans 20 African Countries Including Nigeria and Uganda From 30-day Visas

Follow Us

  • 166.2k Followers
  • 3.6k Subscribers
  • 1.2k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In