Tag Archives: Remittance

12May/21

Mukuru Wins the Most Innovative Online Remittance App in the Global Brands Magazine – FinTech Awards 2021

Mukuru Africa (Pty) Ltd was awarded the “Most Innovative Online Remittance App” in South Africa by Global Brands Magazine during 2021 FinTech Awards Program. Mukuru Africa was recognized by the jury for their successful efforts in creating a reliable financial banking ecosystem. Continue reading

10Feb/15

Somalian lifeline cut off by suspension of remittance services

Somalia-Remittances

China Central Television (CCTV)

Most of the major U.S. banks have ended remittance services to Somalis after new regulations were passed to stop money from getting into the hands of terrorists such as Somalia’s Al Shabaab. However, funds sent back home to Somalia are crucial for many families and businesses in a country that lacks a proper financial system from years of fighting.
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