International Money Transfers System Leader

Reserve Bank of Malawi Grants Flutterwave License to Process International Transactions

Retrieved on: 
Thursday, November 9, 2023
Transfer, World Bank, International Money Transfers System Leader, Fraud, Reserve Bank, Investment, Reserve Bank of Malawi, SAN, Financial services, Flutterwave

SAN FRANCISCO, and LILONGWE, Malawi, Nov. 9, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has announced today that it has obtained official authorization to facilitate international remittances in Malawi.

Key Points: 
  • SAN FRANCISCO, and LILONGWE, Malawi, Nov. 9, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has announced today that it has obtained official authorization to facilitate international remittances in Malawi.
  • The International Money Transfer Operator (IMTO) license was granted on Thursday, October 19, and will enable the payments company to process remittances from Malawians and other Africans sending money back home.
  • We are grateful to the Reserve Bank of Malawi for placing their trust in us.
  • Moreover, it mirrors the Reserve Bank of Malawi's strong commitment to fostering financial inclusion and propelling the digital economy forward.

Reserve Bank of Malawi Grants Flutterwave License to Process International Transactions

Retrieved on: 
Thursday, November 9, 2023
Transfer, World Bank, International Money Transfers System Leader, Fraud, Reserve Bank, Investment, Reserve Bank of Malawi, SAN, Financial services, Flutterwave

SAN FRANCISCO, and LILONGWE, Malawi, Nov. 9, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has announced today that it has obtained official authorization to facilitate international remittances in Malawi.

Key Points: 
  • SAN FRANCISCO, and LILONGWE, Malawi, Nov. 9, 2023 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company, has announced today that it has obtained official authorization to facilitate international remittances in Malawi.
  • The International Money Transfer Operator (IMTO) license was granted on Thursday, October 19, and will enable the payments company to process remittances from Malawians and other Africans sending money back home.
  • We are grateful to the Reserve Bank of Malawi for placing their trust in us.
  • Moreover, it mirrors the Reserve Bank of Malawi's strong commitment to fostering financial inclusion and propelling the digital economy forward.

Multigate Secures Money Remittance Business Licenses for Uganda and Nigeria

Retrieved on: 
Thursday, October 5, 2023
Transfer, BFI Production Board, Acquisition, Non-bank financial institution, Multigate device, FINTRAC, World Bank, Central bank, ISO, Banking in Uganda, Central Bank of Nigeria, Bank, International Money Transfers System Leader, MSB, African

These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.

Key Points: 
  • These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.
  • “The acquisition of a Money Remittance Business licenses from the Bank of Uganda and from the Central Bank of Nigeria, following the same from Canada, further strengthens our position as a trusted solutions provider that takes regulations seriously.
  • With these licenses, we are excited and prepared to expand our cross-border payment solution to our valued clients and partners in Uganda and Nigeria,” said Eghosa Nehikhare, CEO of Multigate.
  • Whilst Nigeria accounts for 38% of remittances in Sub-Saharan Africa, it is predicted that Uganda’s remittance growth rate will double that of Nigeria.

LemFi Raises $33 Million To Transform Financial Services For Immigrants Everywhere

Retrieved on: 
Thursday, August 24, 2023
Olive, Transfer, Maintenance, Partnership, Central bank digital currency, Face, Financial Conduct Authority, Central bank, Central Bank of Myanmar, EMI, Acquisition, Oracle bone, Central Bank of Nigeria, Digital, International Money Transfers System Leader, Y Combinator, Cryptocurrency, Bank

OAKLAND, Calif., Aug. 24, 2023 /PRNewswire/ -- LemFi , a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital.

Key Points: 
  • OAKLAND, Calif., Aug. 24, 2023 /PRNewswire/ -- LemFi , a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital.
  • Each year, millions of immigrants move abroad to start new lives, and the biggest hurdle they face is access to financial services.
  • "This has driven immigrants to often use unsafe, informal channels or to stitch together several other services to solve some of their basic financial needs.
  • LemFi remains committed to offering accessible and transparent financial services to migrant communities across the globe.

LemFi Raises $33 Million To Transform Financial Services For Immigrants Everywhere

Retrieved on: 
Thursday, August 24, 2023
Olive, Transfer, Maintenance, Partnership, Central bank digital currency, Face, Financial Conduct Authority, Central bank, Central Bank of Myanmar, EMI, Acquisition, Oracle bone, Central Bank of Nigeria, Digital, International Money Transfers System Leader, Y Combinator, Cryptocurrency, Bank

OAKLAND, Calif., Aug. 24, 2023 /PRNewswire/ -- LemFi , a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital.

Key Points: 
  • OAKLAND, Calif., Aug. 24, 2023 /PRNewswire/ -- LemFi , a leading fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital.
  • Each year, millions of immigrants move abroad to start new lives, and the biggest hurdle they face is access to financial services.
  • "This has driven immigrants to often use unsafe, informal channels or to stitch together several other services to solve some of their basic financial needs.
  • LemFi remains committed to offering accessible and transparent financial services to migrant communities across the globe.

UK Mobile Payment Market Report 2022: Favorable Government Initiatives for Digitalised Payments Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, September 19, 2022
Data Management, Banking, Technology, Professional Services, Payments, Telecommunications, Software, Internet, Fintech, Mobile, Wireless, Finance, Transfer, Transport, Observation, Consumer electronics, Porter's five forces analysis, Merchandising, Sales (accounting), Risk, Mobile payment, QR code payment, COVID-19, E-commerce, Digital wallet, NFC, Growth, Ansoff Matrix, New Zealand Media and Entertainment, Market development, Travel, USD, Investment, Adoption, BFSI, Electronics, International Money Transfers System Leader, Payment, Health care, SWOT, Near-field communication, Medicine, CAGR, Online shopping, Mobile phone, Retail, Risk management, Industry, Automotive industry, Others

The UK's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.

Key Points: 
  • The UK's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.
  • Payment Type, the market is classified into Proximity Payment, Near Field Communication (NFC), QR Code Payment, Remote Payment, Internet Payment, Direct Operator Billing, Digital Wallet, and SMS Payment.
  • The report presents a detailed Ansoff matrix analysis for the UK's Mobile Payment Market.
  • The analyst analyses UK's Mobile Payment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Japan Mobile Payment Market Report 2022-2027: Increasing Penetration of Internet and Smartphones and Rising E-Commerce Sector Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, September 1, 2022
Payments, Professional Services, Mobile, Wireless, Technology, Fintech, Transfer, Health care, International Money Transfers System Leader, Market development, Observation, Payment, NFC, Porter's five forces analysis, Travel, Adoption, Medicine, USD, QR code payment, New Zealand Media and Entertainment, BFSI, Consumer electronics, Ansoff Matrix, Investment, Mobile payment, Transport, Near-field communication, E-commerce, SWOT, CAGR, Electronics, Digital wallet, Risk, COVID-19, Sales (accounting), Growth, Merchandising, Online shopping, Mobile phone, Retail, Risk management, Industry, Automotive industry, Others

Japan's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.

Key Points: 
  • Japan's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.
  • Payment Type, the market is classified into Proximity Payment, Near Field Communication (NFC), QR Code Payment, Remote Payment, Internet Payment, Direct Operator Billing, Digital Wallet, and SMS Payment.
  • The report presents a detailed Ansoff matrix analysis for Japan's Mobile Payment Market.
  • The analyst analyses Japan's Mobile Payment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Flutterwave Secures Switching and Processing License, Nigeria's Highest Payments Processing License

Retrieved on: 
Thursday, September 1, 2022
Transfer, CEO, Technology, Central Bank of Nigeria, USD, CBN, Central bank, Booking.com, API, International Money Transfers System Leader, PSSP, Multimedia, Product marketing, Company, News, Founder, Uber, Ecosystem, Review, Bank, Online shopping, Flutterwave

LAGOS, Nigeria, Sept. 1, 2022 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)widely regarded as CBN's most valuable payments processing license.

Key Points: 
  • LAGOS, Nigeria, Sept. 1, 2022 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)widely regarded as CBN's most valuable payments processing license.
  • This license allows Flutterwave to offer transaction switching and card processing services to customers.
  • The Switching and Processing license allows Flutterwave to enable transactions between banks, fintechs and other financial institutions.
  • Prior to this license, Flutterwave operated with its Payment Solution Service Provider (PSSP) and International Money Transfer Operator (IMTO) licenses.

Flutterwave Secures Switching and Processing License, Nigeria's Highest Payments Processing License

Retrieved on: 
Thursday, September 1, 2022
Transfer, CEO, Technology, Central Bank of Nigeria, USD, CBN, Central bank, Booking.com, API, International Money Transfers System Leader, PSSP, Product marketing, Company, News, Founder, Uber, Ecosystem, Review, Bank, Flutterwave

LAGOS, Nigeria, Sept. 1, 2022 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)widely regarded as CBN's most valuable payments processing license.

Key Points: 
  • LAGOS, Nigeria, Sept. 1, 2022 /PRNewswire/ -- Flutterwave, Africa's leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)widely regarded as CBN's most valuable payments processing license.
  • This license allows Flutterwave to offer transaction switching and card processing services to customers.
  • The Switching and Processing license allows Flutterwave to enable transactions between banks, fintechs and other financial institutions.
  • Prior to this license, Flutterwave operated with its Payment Solution Service Provider (PSSP) and International Money Transfer Operator (IMTO) licenses.

India Mobile Payment Market Report 2022-2027: Increase in Adoption of Automated Payment Options Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 31, 2022
COVID-19, Technology, Payments, Banking, Electronic Commerce, Telecommunications, Professional Services, Health, Retail, Online Retail, Transfer, Health care, International Money Transfers System Leader, Sales (accounting), Market development, Observation, Payment, NFC, Porter's five forces analysis, PayU, Bank of America, Travel, Vodafone, Adoption, Medicine, USD, QR code payment, New Zealand Media and Entertainment, BFSI, Consumer electronics, Ansoff Matrix, Amazon (company), Investment, Mobile payment, Transport, Nidec-Shimpo America Corporation, Near-field communication, E-commerce, SWOT, CAGR, Electronics, Digital wallet, Risk, COVID-19, Bank, Growth, Merchandising, JPMorgan Chase, Online shopping, Mobile phone, Retail, M-Pesa, Industry, Automotive industry, Others

India's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.

Key Points: 
  • India's Mobile Payment Market is segmented based on Pay Option, Purchase Type, Payment Type, and Industry.
  • Payment Type, the market is classified into Proximity Payment, Near Field Communication (NFC), QR Code Payment, Remote Payment, Internet Payment, Direct Operator Billing, Digital Wallet, and SMS Payment.
  • The report presents a detailed Ansoff matrix analysis for India's Mobile Payment Market.
  • Increase in Adoption of Automated Payment Options - Direct Carrier Billing, Mobile Point of Sale (mPOS), Mobile Wallets, etc.