Nairobi writer on Banking, Finance, Technology, and Investments
Monday, June 12, 2006
Money transfer gets cheaper
Western Union has announced generous price reductions (a.k.a. ”crushed prices”) in the cost money transfer within Kenya and East Africa. E.g. where it used to cost 2,250 to send 20,000 shillings and 3,650 to send 50,000 shillings within Kenya, it will now cost 700 and 1,800 respectively, meaning price reductions of between 50 and 70%.