by TINTSWALO BALOYIJOHANNESBURG, (CAJ News) – MASTERCARD and Bidvest Bank have partnered for a solution enabling customers to send international remittances. Titled Bidvest Bank BidSend, the new solution is powered by Mastercard cross border services. “Providing innovative solutions that deliver the choice, security, and flexibility that South Africans need and expect is a factor win we take pride in,” said Gabriel Swanepoel, Country Manager at Mastercard, Southern Africa. Tendani Sikhwivhilu, Chief Financial Officer at Bidvest Bank, said the offering leverages the latest technology to create an affordable and accessible solution that is cost-effective and efficient. Nigeria, Ghana, Kenya and Senegal receive the greatest remittance inflows, while South Africa is the largest sender of remittances to other countries in Africa.

Source: The North Africa Journal December 05, 2023 16:17 UTC