Monday, September 8, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

TerraPay Partners UBA Group to Offer Real-time Money Transfer

Tech Gist Africa by Tech Gist Africa
12/19/2019
in Africa News, News
0 0
0
TerraPay
0
SHARES
Share on FacebookShare on Twitter

TerraPay has partnered the United Bank for Africa Group, UBA to offer real-time money transfer services in 20 countries. The partnership was announced yesterday.

Remittance in sub-Saharan Africa has grown by almost 10% to attain $46 billion in recent times. The continent currently has the highest number of cross-border transactions valued at 9% as compared to the 7% global cross border remittance.


See Also: Energy Startup Rensource Secures $20 Million to Grow and Expand Market Offerings


Meanwhile, these figures are expected to grow with the increasing influx of cross border remittance platform into Africa. Thus, the partnership will enable the duo to facilitate cross border remittances in more African countries.

The service is currently live in 5 UBA banks network in Cameroon, Sierra Leone, Côte d’Ivoire, Ghana, and Burkina Faso will now expand to 13 other countries where the Bank has its operation.

The countries include Chad, Liberia, Senegal, Uganda, Congo Brazzaville, Guinea Conakry, Kenya, Mali, Zambia, Congo DRC, Gabon, Mozambique, Tanzania, and the Benin Republic soon.

The Group Head, Transaction and Electronic Banking UBA Group, Sampson Aneke noted that Africa is one of the world’s largest recipients of cross border remittances. The partnership will, therefore, enable cross-border trade, investment, and real-time money transfer.

This will also play a pivotal role in cross-border remittance across Africa, Europe, and America.

 

More on TechGist Africa

  • Kenya’s Competition Authority Approves Airtel & Telkom Merger
    Vodacom, Nedbank Others Backs Indigenous Phones, Mara
  • Payfort to Facilitate DHL Express Online Payments in North Africa
  • Truecaller to Unveil Truecaller Pay in Nigeria Ahead of its IPO
  • Visa Partners MFS Africa to Expand Digital Payments across Africa
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across Africa and sharing simple social media and digital marketing tips for startups, entrepreneurs and business owners.

Related Posts

Stratech South Africa
Investments

StraTech Secures Strategic Investment to Expand Enterprise Fintech Infrastructure Across Africa

by Tech Gist Africa
09/05/2025
0

StraTech, a South African fintech startup specializing in enterprise-grade financial infrastructure, has secured a strategic investment from VEA Capital Partners,...

Read more
Sahel Capital Mastercard Foundation

Sahel Capital Secures $10M from Mastercard Foundation to Scale Agri-SMEs Across Africa

09/05/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Finnfund Poa Internet Kenya

Finnfund Invests $4M in Poa Internet to Expand Affordable Broadband in Kenya

09/04/2025
Holo Fintech UAE

Holo Secures $22M Series A to Revolutionize Homeownership in UAE and Saudi Arabia

09/03/2025
Next Post
Microsoft

Microsoft Startups Initiative Supports18 Startups in 2019

Kenyan Government Demands Data of its Citizens from Facebook

Facebook Soon to Launch its Own Operating System

Alexa Lists Sports Betting Sites among 50 Most Visited Websites in Nigeria

Alexa Lists Sports Betting Sites among 50 Most Visited Websites in Nigeria

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.