Absa eyes bigger slice of Sh420bn in remittances

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

Absa Bank Kenya has signed a deal with global payments firm Visa to allow a cross-border remittance service that allows Kenyans to send money overseas on a near real-time basis.

The deal will see Absa Bank Kenya join the growing list of financial and payment companies seeking a larger pie of the growing remittances and e-commerce market.

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