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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
ABC Bank and US money transfer service Trans-Fast have signed an agency agreement to enable diaspora customers easily send money to Kenya.
Trans-Fast has a presence in 108 countries in America, Europe, Asia, Africa and Australia. The two institutions have received approval from the Central Bank of Kenya (CBK). ABC is banking on the new deal to solidify its position in cash transfers, at a time when diaspora remittances to Kenya have grown tremendously.
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