Analysis of News relating to the Digital Money Ecosystem

National Bank of Kenya and WorldRemit's join monetary forces - Gears Of Biz

16/08/2017 Link to source

National Bank of Kenya and WorldRemit's join monetary forces NAIROBI – The National Bank of Kenya (NBK) joined a partnership with digital money transfer service, WorldRemit to offer instant money transfers to Kenya. The newly-formed allegiance sees a partnership which will enable Kenyans living abroad to make ...

Context

	Kenya Kenya has approximately 25 million mobile subscribers and 10.2 million Internet users. Mobile penetration stands at 63.2 per cent, with the majority using their devices for money transfers and Internet access.
	WorldRemit WorldRemit is an online money transfer business enabling customers to send money to family and friends using various payments options including debit and credit cards. WorldRemit offers a safe and instant money transfer service that does not requi
	Digital Money The Digital Money domain has been described by Shift Thought™ as a way to understand the ecosystem, products, services and infrastructure involved in the digitisation and transfer of value.
	Money Transfer This category refers to Money Transfer Services. This includes domestic, regional and international money transfer across all channels.
	WorldRemit Armenia WorldRemit is an online money transfer business enabling customers to send money to family and friends using various payments options including debit and credit cards. WorldRemit offers a safe and instant money transfer service that does not requi
	WorldRemit WorldRemit is an online money transfer business enabling customers to send money to family and friends using various payments options including debit and credit cards. WorldRemit offers a safe and instant money transfer service that does not requi
	Instant Money SA to Zimbabwe Standard Bank deal with Spar will allow people to draw cash at a till after money transferred between users via SMS (Linked to mowaly).
	Transfer (formerly Banamex Transfer) Leading mobile operator America Movil and US bank Citigroup have announced a joint venture to offer mobile banking throughout Latin America, in what would be a major boost to the take-up of such services in the region. The joint venture called Transf
	WorldRemit Online Money Transfer WorldRemit is an online money transfer company supporting money send from 30 countries, including a number of European countries to 100 countries world-wide, and to send international airtime transfer as well.
	Digital Money We use the term Digital Money to refer to a host of innovative financial services that leverage alternative channels, technologies, providers or payment instruments in the delivery of financial services.
	Domestic Money Transfer (DMT) The Domestic Money Transfer (DMT) topic discusses issues relating to the transfer of money within a country.
	International Money Transfer The International Money Transfer (IMT) topic discusses issues relating to the transfer of money across countries.
	Money Transfer Money transfer refers to the movement of money from one person or institution to another.
	Instant Money Standard Bank deal with Spar will allow people to draw cash at a till after money transferred between users via SMS (Linked to mowaly).
	WorldRemit Online Money Transfer WorldRemit is an online money transfer company supporting money send from 30 countries, including a number of European countries to 100 countries world-wide, and to send international airtime transfer as well.
	The Digital Money S.A.G.E. In this whitepaper we describe the Shift Thought™ Start Anywhere- Go Everywhere technology that is the basis of our comprehensive and continuously changing knowledge base.

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