Open banking is redefining the global financial services ecosystem as we know it. In the past decade, open banking APIs have introduced customers to a new level of convenience, allowing them to share financial data securely between authorized institutions. Reports from FCA show a significant uptick in open banking-powered remittances.
If you send money to Africa regularly, you already know what matters most: every transfer moving through smoothly, the status needs to be clear, and the money needs to land where it is supposed to, on time. With Africa’s cross-border payments market projected to cross US$1 trillion by
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The start of a new year is a great time to reset your financial habits. Today, remittances support over 200 million people across the African continent, helping families meet daily needs and stay financially steady. Furthermore, emerging technologies are modernizing money transfer services. Trusted money transfer apps like OAPay are
Stablecoins are gaining formal recognition in the US, where lawmakers and banks are now approaching digital payments with clearer rules and expectations. The US is treating digital dollars like USDC and USDT as part of a regulated financial system rather than experimental assets. The shift became visible in early 2025.
As millions of African families rely on remittances from abroad to meet daily needs, a new U.S. rule is sparking concern across the diaspora and recipient communities alike. Starting in 2026, certain money transfers will carry a 1% remittance tax introduced by the federal government. The rollout has left
The African diaspora has grown into a strong community, powering industries and shaping economies globally. Just until a few decades ago, we saw a small number of international students and highly skilled workers move across continents in search of better education and employment opportunities. Today, the interconnectedness of global trade
Over the years, the African diaspora has been effectively channeling its resources and expertise to drive sustainable wealth for the continent. From remittances to investments and job creation, members of the diaspora economy have been instrumental in fostering opportunities for prosperity. If you look at the numbers, remittance has become
Sending money home is a heartfelt expression of love and dedication to your family and friends. As the holiday season approaches, the flow of remittances to your home country will only accelerate. Imagine sending $200 to your family overseas only for them to receive $185. The difference may not seem
Compliance remains a top priority for the remittance industry. Powered by advanced digital technologies, new-age Money Transfer Operators (MTOs) are shaking things up, connecting more parts of the world, and offering a range of international money transfer services that are speedy, simple, and a breeze to use. In a bid
A taste of home. That’s what African immigrants worldwide yearn for. And as a result, local markets and African grocery stores in the UK and the US have become cultural havens. For many, they provide a sense of belonging and community. With the African population in the UK close
The "out-of-Africa" migration has only proliferated over the years. With the employment of foreign-born workers going strong in the UK and the US, diaspora remittances continue to be a steadily growing pillar of the continent’s financial inflows. Owing to the increasing scale and stability of remittance inflows