28 Sep 2022, 5:52 AM (GMT)

COVID-19 Global Stats

621,219,557 Total Cases
6,542,894 Death Cases
601,414,680 Recovered Cases

Moneymie Shuts Down Its Digital Bank Service


Moneymie has paused its digital bank service that enables African immigrants in North America to send and receive money from Nigeria, Ghana and South Africa.

“We are grateful to the thousands of customers that believed in our dream to build a digital bank for immigrants, but unfortunately, that journey has come to an end,” reads a notification on the company’s website.

Although Moneymie is shutting down its B2C services, Technext reports that the fintech company disclosed it would focus on cross-border payments and payouts for business users via its B2B platform and APIs.

The Moneymie App has been removed from Google and Apple play stores, but its B2B platform is active. This development came two months after Michelle Van Staden joined the neobank as CEO.

Nadula Tax Return Season Sale under $200 wigs, beginner friendly & quick install

Lagos Post Online

Publisher, Lagos Post Online, Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice. Mobile: +238025837037 Email: lagospostng@gmail.com

Related Articles

Back to top button