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Friday, September 29, 2023
BIG WIN FOR SENATOR GLORIA ORWOBA AFTER COURT LIFT HER SUSPENSION FROM SENATE SITTING.
Thursday, September 28, 2023
ALL EYES ON MRS UNIVERSE KENYA AS SHE HEADS TO PHILIPPINES FOR WORLD PEGEANT
KENYA HOSTS AFRICAN SYMPOSIUM ON LANDSCAPE ARCHITECTS
Wednesday, September 27, 2023
KEWOPA CALLS FOR END OF OBSTETRICS VIOLENCE
MRS.UNIVERSE KENYA TO REPRESENT THE COUNTY IN PASAY CITY PHILIPPINES
OLD MUTUAL TRUSTESS URGED TO ADOPT SUSTAINABLE INVESTMENT
Tuesday, September 26, 2023
GOVERNMENT LAUNCHES TRAINING OF TRAINERS (ToT) TO ENHANCE SERVICE DELIVERY
Friday, September 22, 2023
PONTY PRIDD SEEKS TO BRING GENDER EQUALITY IN TRANSPORT INDUSTRY
USAID CALLS FOR MORE INVESTMENT TO NORTHERN KENYA
ASPIRA PARTNERS WITH HOTPOINT TO BRING QUALITY PRODUCTS TO KENYAN HOMES
Thursday, September 21, 2023
MPESA AFRICA MD DELIVERS PUBLIC LECTURE AT KCA UNIVERSITY
SAFARICOM INCREASES MPESA TRANSACTION LIMIT
Tuesday, September 19, 2023
APNAC WAR ON CORRUPTION GAINS MOMENTUM
Air-FRANCE KLM RECORDS HUGE GROWTH POST COVID
NAIROBI A TOP ARBITRAL DESTINATION IN AFRICA
Monday, September 18, 2023
MULTICHOICE KENYA LAUNCHES TWO NEW SHOWS ZARI AND KA-SIRI
GLOBAL PEACE FOUNDATION PARTNERS WITH DAYSTAR UNIVERSITY
NCBA BANK OPENS NEW BRANCH IN MIGORI TOWN
LG INNOVATES TO ENERGY FRIENDLY PRODUCTS
NETHERLANDS STRENGTHENS TRADE TIES WITH KENYA
SENDWAVE LAUNCHES NEW BANKING PRODUCT TARGETING KENYANS IN THE US
Kenyans living in the US stand to gain from a new banking product that allows users to earn interest and pay reduced fees on international remittances. The new product dubbed Sendwave Pay was recently launched by digital remittance company Sendwave. The new solution provides existing Sendwave users access to a FDIC-insured bank account with an accompanying debit card. This makes Sendwave the only major remittance provider with such an offering in the US.
Sendwave Pay, which is available to users via the Sendwave app on iOS and Android, has the following features:
- A bank account with no hidden account creation, maintenance or minimum balance fees
- Access to up to 0.4% improvement on exchange rates and up to 25% savings on transaction fees on remittances to Kenya, Ghana, Tanzania,
Uganda, Nigeria, and Liberia when using the funds in their accounts. - A Sendwave Pay debit card to use on every day transactions;
- Reimbursements for international transaction fees when using their Sendwave Pay debit card outside of the US;
- Earn up to 0.51% APY on the money held in their Sendwave Pay account
For migrants, opening a bank account is considered an important step to establishing themselves and helps to achieve financial autonomy. Sendwave Pay is the first neobank offering within Zepz, the Group powering global remittance brands Sendwave and WorldRemit. Zepz intends to continually invest in migrant-focused financial offerings around the world, including Kenya.
Eric Huynh, Product Lead, Sendwave Pay, Zepz said: "The way that people use and access money has drastically changed over the last decade. We created Sendwave Pay to better meet the needs of our customers, who are dynamically considering how they manage their money both for themselves and for loved ones abroad."
Zepz’s launch of Sendwave Pay comes amid an economic slowdown and higher borrowing costs in the US, which is the leading source of remittances to Kenya. Kenyans living in the US sent a total of $2.33 billion back home in 2022, representing more than half of the total $4.02 billion of diaspora remittances in 2022, according to data from the Central Bank of Kenya. (CBK).
Sunday, September 17, 2023
USHERSKENYA UNVEILS NEW OFFICIAL UNIFORM AT PRIME CS DAUGHTER EVENT
NAIROBI HOSPITAL WRANGLES DEEPENS AS NEW CHAIRMAN TAKES OVER
The new chairman of Nairobi hospital Prof Herman Manyora addressing a press conference Nairobi Hospital a leading private healt...
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The Regional Centre of Excellence for Biodiversity, Forests, and Seascape Ecosystems Management in Eastern and Southern Africa ...
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Dr Gichuhi Mwethera Director General KIPRE during a media briefing Snakebite experts from Liverpool School of Tropical Medici...