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Visa has entered a partnership with the Egyptian Banks Company (EBC) to streamline and enhance the process of international remittances for Egyptians living overseas. This comes after EBC’s recent collaboration with Mastercard to enhance Egypt’s digital payment ecosystem and promote inclusive economic growth. The collaboration combines EBC’s technological infrastructure with…

The Central Bank of Nigeria (CBN) has confirmed the removal of the ±2.5% limit previously set on interbank foreign exchange (FX) transactions. Effective immediately, this change was announced in a circular published on February 8, 2023 and addressed to all authorized dealers. The CBN also revealed that the earlier restriction…

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