Safaricom Announces “Big Four” Support

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Safaricom Announces “Big Four” Support

Special Correspondent - April 24, 2018

Safaricom (NSE: SCOM) has said its products are supporting the Big Four agenda by providing tools that power the ‘Ease of Doing Government Business.’ Government...

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Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to expand its agent footprint and get closer to the customer, which heightens the competition for customers with Safaricom’s M-Pesa. Speaking during the signing ceremony, Airtel Money Managing Director, Ms Anne Kinuthia-Otieno, said the partnership, will significantly bolster their ongoing efforts to enhance access to financial services for their customers through their Mobile Money platform. “Today marks a significant milestone for us, as we join hands with Naivas Supermarket to bring enhanced convenience to our customers,” said Ms. Anne Kinuthia-Otieno. “This partnership underscores Airtel Money’s commitment to expanding our reach and ensuring that our services are easily accessible. By offering cash deposit and withdrawal services at Naivas branches nationwide, we are not only strengthening our presence but also reaffirming our dedication to providing seamless and affordable financial solutions through our Mobile Money platform,”

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Airtel Money partners with Naivas

Sending money to Canada has been harder than it should be. Wire queues, unpredictable fees, days of uncertainty, whether you’re supporting family in Ontario, paying a Canadian contractor, or settling a business invoice. Starting today, Grey (https://Grey.co) users can send Canadian Dollars directly to any Canadian bank account, arriving in minutes via Interac for $3.00, or the next business day via bank transfer for $2.50. No percentage fee. No wire delays. Canada is home to one of the world’s most diverse diaspora populations, with communities from Nigeria, India, the Philippines, and other emerging markets deeply connected to their homes. The corridor has been dominated by legacy services that charge $15-30 on a typical $500 transfer and settle in days. Grey's flat fee and Interac delivery address both problems at once. The Interac integration matters more than the price. Interac is the payment rail built into the daily financial life of virtually every Canadian bank account holder, the same network used for everyday domestic payments. When Grey settles through Interac, the transfer doesn’t enter a wire queue. It moves the way domestic payments do: fast, confirmed, and predictable. Recipients don’t need a new app or account. The money arrives at the bank, where they already have an account. "Canada kept coming up. From Lagos to Mumbai to Manila, our users had someone in Canada they needed to pay, but no good way to do so. Expensive wires, slow settlement, no certainty. We fixed that,” said Idorenyin Obong, CEO and co-founder of Grey. The service supports all Canadian banks for both personal and business accounts and joins Grey's local-currency transfer network across 170+ destinations. Users can send from USD, EUR, GBP, or NGN balances, with individual transaction limits of $10,000 CAD and business limits of up to $100,000 CAD via bank transfer. Grey holds a Money Service Business license from FINTRAC in Canada and FinCEN in the USA.

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Grey Connects the Africa-Canada Money Corridor With Instant Transfers via Interac

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Tag: Fruits of devolution

Safaricom Announces “Big Four” Support

MOST POPULAR

KDC AND KNCCI PARTNER TO ACCELERATE CREDIT FLOW TO ENTERPRISES

OPPO to Invest Kshs 146 Billion in Research & Development in...

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The Digital Future is Inclusive: Innovation Week Tanzania 2025 Closes Strong,...

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Airtel Money partners with Naivas

Grey Connects the Africa-Canada Money Corridor With Instant Transfers via Interac

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Family Bank to List by Introduction on NSE on June 23

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