Equity diaspora remittance cash rises 87 percent

Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG

Equity Group #ticker:EQTY grew the volume of diaspora remittances it processed by 87 percent in the first quarter of the year compared to the corresponding period in 2020, leveraging on the growing popularity of digital channels for sending money home from abroad.

The lender disclosed Wednesday that it handled Sh82 billion in remittances in the three months to March, up from Sh44 billion in the first quarter of last year.

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