Send money to over 220 financial Institutions, over 60 million bank accounts, and all mobile wallets in Nigeria using VCASH Global API. Run every transaction over OFAC /EU global database. Pull KYC of recipients from the Bank using our robust API. Incentivize customers in a compliant way — Do reverse marketing to over 6 million customers, all for a fraction of your current cost.
The Nigerian financial technology firm, VTNetwork Limited, announce a major improvement to the global API released in 2015 to now include over 220 financial institutions and over 40 countries outside Africa.
According to the world bank, In 2019, over $48 billion was sent to Sub-Sahara Africa. On average, the cost of sending $200 remains high at 6.8 percent in the first quarter of 2020, slightly lower than in 2019. Sub-Saharan African countries still pay higher fees at about 9% and 20% by the Southern African region. Meanwhile, about 2/3 of intra-regional migrants are within Sub-Saharan Africa and account for the international migrant population. …
The Association of Licensed Mobile Payments Operators (ALMPO), an organization that interfaces with the Central Bank of Nigeria, elect Emmanuel Oni of VTNETWORK LIMITED as the Social and Welfare Officer for the association.
Emmanuel Oni was elected alongside other officers and the tenure run from 2020–2022.
According to the News Agency of Nigeria (NAN), the meeting was coordinated and co-chaired by Onuoha, Mr. …
VTNGLOBAL, INC, a USA licensed issuer of payment instruments and money transmitter, is partnering with a bank in the USA to unlock diaspora remittance opportunities. The company, together with Remco, the distributed ledger arm of the company, and VCASH, the emerging market sister company, to pilot mobile wallet app that improves on the efficiencies of money transmission by empowering financial institutions, SMEs, and consumers in the emerging markets and developed economies.
“At least 1 in 3 immigrants from Africa’s largest market have had their money sent through our API at some point, but these immigrants themselves are not aware of who we are.” said the CEO Dr. Peter Ojo. If you are wondering how the money you sent to your loved ones was credited to their bank account instantly, before leaving the agent location or after clicking send online, chances are it was processed using our technology. …