WorldRemit to acquire Sendwave for $500m.

WorldRemit, a global cross-border payments company, agreed to acquire Sendwave, an app-based remittance company, for $500m. “Both WorldRemit and Sendwave share a common purpose: allowing customers to easily and cost effectively send financial support to families, friends and businesses in other countries. WorldRemit has one of the broadest and most accessible networks for money transfers globally. Combining it with Sendwave, which offers instant, no/low-fee and fully digital payments from North America and Europe to Ghana, Nigeria, Senegal and East Africa, addresses customer needs for fast and secure digital payments - especially given today’s travel restrictions and economic turmoil,” Breon Corcoran, WorldRemit CEO.