International money transfer company Transfast has announced partnerships with three of Kenya’s largest banks to speed up its services for sending and receiving funds across borders. New York-based Trans-Fast Remittance LLC’s customers now have access to same-day deposits and M-Pesa, Kenya’s popular mobile money service, through agreements with African Banking Corp., Chase Bank Kenya and Dubai Bank Kenya Ltd. Two-thirds of Kenyans routinely use M-Pesa, and Kenyans living outside the country sent home a record $1.43 billion in funds last year, up 10.5 percent from 2013, according to data from Kenya’s central bank. Transfast has 200,000 locations in more than 100 countries.
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