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Boki Staff
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MonieWorld shut four weeks ago. Is the app you moved to any good?
On £200 to a Lagos bank account this week, Wise arrived at 364,602 naira for a £1.70 fee. Africhange came in 400 naira above. Here is the check for the apps whose price only shows in-app.
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Boki Staff
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Africhange got a Ghana licence. Should a UK sender care?
Bank of Ghana licensed Africhange this month. On £300 to Ghana today, their app quoted GHS 4,722.62, about 127 cedis above the next-best public price.
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Boki Staff
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The Friday number: 300 pounds to Ghana this week
On 300 pounds to a Ghanaian cedi bank account this Friday morning, Instarem arrived at the top with a zero fee and a rate about 0.8 percent below the real rate. Wise came in second, about £3.50 behind, held back by the £5.96 fee rather than the rate. Western Union was £10.67 behind Instarem.
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Boki Staff
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The Friday number: 300 pounds to Morocco this week
On 300 pounds to a Moroccan dirham bank account this Friday morning, Remitly and Western Union arrived within about a pound and a half of each other at the top. Wise came third, held back by an £8.94 fee rather than a poor rate. OFX was £9.42 behind the top.
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Boki Staff
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The Friday number: 300 pounds to Egypt this week
On 300 pounds sent from the UK to an Egyptian pound bank account this Friday morning, Remitly delivered the most at EGP 20,455.27 for a £0.99 fee. Wise came in about £5.20 behind, most of it lost to Wise’s unusually heavy £8.51 fee on this route. OFX was £15.77 behind Remitly.
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Boki Staff
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The Friday number: 300 pounds to Sri Lanka this week
On 300 pounds to Sri Lanka this Friday morning, Instarem, Remitly and Wise all delivered within about a pound of each other. Xoom and OFX came in noticeably behind. Here is who to open and who to skip.
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Boki Staff
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MonieWorld is closing in the UK. What to do this week.
You opened the app this week and saw the notice. MonieWorld is closing its UK service. If you have been sending two or three hundred pounds a month to Lagos, this is now the thing you need to sort before your next transfer. What is actually happening Moniepoint is shutting down MonieWorld, the UK app…
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Boki Staff
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The first fall in Kenya’s diaspora remittances in 17 years – and why it is not a UK story
Kenya’s diaspora remittances fell for the first time in 17 years. The Sh9 billion hole is a Gulf story, not a UK one. Here is what the number measures.
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Boki Staff
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The Friday number: 300 pounds to Vietnam this week
On 300 pounds sent from the UK to a Vietnam bank account this Friday morning, the top three apps arrived within about half a pound of each other, but the worst named app came in £18.24 behind, most of it quietly taken in the exchange rate. Here is who delivered what.
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Boki Staff
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The Friday number: 300 pounds to Bangladesh this week
On 300 pounds sent from the UK to a Bangladesh bank account this Friday morning, the gap between the best regular price and the worst named one came to about £5.62, most of it quietly taken in the exchange rate. Here is who delivered what, and why Instarem is the number to beat this week.