Remittances have long been a cornerstone of Kenya’s economy, with many families depending on the financial support sent by loved ones living abroad. In 2024, North America led as a source of remittances, contributing a substantial 56% of all funds sent back to Kenya. This inflow of money from countries like the United States and Canada helps families cover important expenses such as education, healthcare, housing, and even day-to-day living costs. The reality is, for many households, these remittances aren’t just a nice addition, but an essential to their survival and well-being. This growing dependence on diaspora support highlights the broader economic impact remittances have on the country, strengthening Kenya’s financial ties to the global community.
As remittances continue to grow in significance, businesses have recognized the opportunity to cater to the needs of the Kenyan diaspora, offering services that simplify cross-border money transfers. This demand has only intensified as families look for faster, cheaper, and more secure ways to send money. In response to this, NCBA teamed up with Xpress Money, a leading global payment platform, to provide customers with a seamless and efficient solution for transferring funds home. This partnership represents a significant step forward in making international money transfers more accessible and hassle-free for Kenyans living abroad.
With this collaboration, NCBA customers can now send money back to their families with ease, thanks to Xpress Money’s extensive network, which spans across dozens of countries. This means that whether you’re in North America, Europe, or elsewhere, sending money to Kenya has never been more convenient. By offering this service, NCBA is meeting a growing need and is also strengthening the connection between Kenya and its diaspora. This has ensured that no matter the distance, families can stay connected and supported, helping to build a more stable future for those at home.
NCBA’s partnership with Xpress Money also ties into the bank’s broader goal of becoming the go-to institution for the Kenyan diaspora. As Tirus Mwithiga, NCBA’s Group Retail Banking Director, puts it, this collaboration is about providing real value to both senders and receivers. The bank is focused on ensuring that their remittance services grow in line with the evolving needs of its customers. This partnership is one of many steps NCBA is taking to make financial services more accessible to those living abroad, offering them a reliable platform to support their families back home with ease and peace of mind.
For the Kenyan diaspora, this collaboration goes beyond financial transactions. It’s also a way to stay connected, support loved ones, and ensure that distance doesn’t limit their ability to help. Whether it’s for tuition fees, healthcare, or daily living expenses, NCBA’s partnership with Xpress Money is making it easier for Kenyans abroad to make a tangible difference in the lives of those back home.
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