• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

WorldRemit launches business payments service

Kenyan Business Feed by Kenyan Business Feed
WorldRemit launches business payments service
Share on FacebookShare on Twitter

Table of Contents

Toggle
        • Companies
  • WorldRemit launches business payments service
Companies

WorldRemit launches business payments service

Wednesday, June 12, 2019 21:12


By ANNIE NJANJA

Founder and CEO of WorldRemit Ismail Ahmed. FILE PHOTO | NMG
Founder and CEO of WorldRemit Ismail Ahmed. FILE PHOTO | NMG 

London-based money remittance firm WorldRemit Wednesday unveiled a new service that allows businesses and employees of foreign firms in Kenya to receive payment from small and medium-sized enterprises in the UK.

The service dubbed ‘WorldRemit for Business’ also allows UK-registered companies to send money to contractors or staff in 149 other countries including Ghana and South Africa through its app or website.

Previously, the remittance firm only allowed transfers between individuals.

Transfers to Kenya, the firm says, will be processed within 24 hours or less and recipients can opt to have the cash wired to their bank accounts, via mobile money or cash pickup.

This latest option poses stiff competition to banks whose transfers can take up to a week, and are often subject to high fees and exchange rates.

“Today, we are pleased to extend that service offering to businesses, and put an end to the steep fees that many pay, especially when sending to Kenya. We’re committed to making it quick, safe and easy for you to pay individuals across borders, leaving you to focus on growing your own business,” said WorldRemit, founder and Executive Chairman, Ismail Ahmed.

WorldRemit currently handles 74 percent of remittances to popular mobile money services across Africa such as MTN, Ecocash, Tigo Pesa, M-Pesa and Airtel Money, making it the global leader in “mobile-to-mobile international money transfers.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Enjoy the gift of life while you can

May 20, 2019

Government urged to include road safety programs curriculum : The Standard

May 24, 2019

Subscribe.

Trending.

Tourism CS Rebecca Miano announces new measures at Maasai Mara, including ranger deployments, clearer signage, and public education following a viral tourist incident.

Government Tightens Maasai Mara Rules After Viral Tourist Clip

August 26, 2025
Safaricom launches B Live, a first of its kind service allowing customers to buy internet access by the hour, offering flexible one hour three hour and six hour bundles for students creators and professionals.

Safaricom Expands Digital Options with Innovative B Live Product That Adapts to Different Usage Habits

August 21, 2025

Co-op Bank Empowers Over 249,000 Kenyan MSMEs with Loans and Training

August 21, 2025

Student Leaders Slam HELB and Ministry Over University Funding Delays

August 1, 2025
Tourism CS Rebecca Miano on Tuesday convened coastal public-private stakeholders in Mombasa to accelerate Kenya’s MICE sector growth, announcing progress on re-establishing the Kenya National Convention Bureau and urging youth-led innovation in tourism.

Kenya Ramps Up MICE Sector Reforms as CS Miano Confirms Convention Bureau Revival

July 1, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano announces new measures at Maasai Mara, including ranger deployments, clearer signage, and public education following a viral tourist incident.

Government Tightens Maasai Mara Rules After Viral Tourist Clip

August 26, 2025

Co-op Bank Empowers Over 249,000 Kenyan MSMEs with Loans and Training

August 21, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF