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New money transfer service opens in Kenya

Competition for the international money transfer business in Kenya heightened yesterday with the entry of a new player. Global Money Transfer Limited opened its doors to the public after receiving the requisite licences from the Central Bank of Kenya late last year.

The CBK, in its assessment and upon inspection of the firm’s premises at Teleposta Towers on December 22 last year, found Global Money Transfer Ltd suitable for conducting money remittance business.

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