Africa Business West Africa World 

Arrests made in Ghana, Nigeria over money-transfer scams

Police in Nigeria, Ghana and Kenya have reportedly made dozens of arrests over large-scale money-transfer scams. Suspects arrested reportedly carried out the scams by tricking victims into wiring money to bank accounts controlled by fraudsters. More than 250 people were arrested in 10 countries, according to the FBI which added that raids in the US, UK, Turkey, France, Italy, Japan and Malaysia were also carried out. 167 of those arrested in these operations were from Nigeria. The FBI said the various operations resulted in the “seizure of nearly $3.7 million…

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Africa Business World 

Digital money transfer service Azimo reaches profitability

Azimo, Europe’s leading digital money transfer service, today announced that it has reached profitability during Q2 2019. Following the successful expansion of sending to regions such as Africa and south-east Asia, the volume of transfers enabled by Azimo increased by 60% year on year. Building on the momentum of its expansion strategy, Azimo will be extending its services to allow customers to send money from Asia, the biggest money transfer region in the world, before the end of 2019. Michael Kent, the co-founder of Azimo, is also stepping down as…

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Africa Business Ghana West Africa World 

Xoom or WorldRemit: Finding the best money transfer service for Ghana

The Best Remittance Provider for Africa? Funding personal businesses from abroad and sending money to relatives and friends living in Africa has become a valuable endeavor to individuals living abroad. Fortunately, technological advancement across the globe has made international money remittance swift and efficient. Today, you can send money from USA or Canada in a matter of minutes, through online money transfer platforms or digital banking. You can also change multiple currencies without having to walk into a bank. However, you might end up paying more money for remittance than…

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