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Rwanda revokes Unimoni’s operating licenses

By IGIHE
On 3 November 2021 at 06:30

The National Bank of Rwanda (BNR) has revoked the operating licenses for Unimoni Bureau De Change Ltd. Unimoni is global provider of money transfer, foreign currency exchange and payments solutions.

The statement released yesterday shows that the provider of foreign currency exchange services has been revoked over non-compliance with regulatory requirements.

“Unimoni Bureau De Change Ltd’s Forex Bureau and Payment Service Provider licences have been revoked with immediate effect due to non-compliance with regulatory requirements,” reads the statement in part.

BNR has warned the public that whoever deals with the company has to bear consequences at own risk.

Unimoni is part of Finablr, a global platform for Payments and Foreign Exchange solutions.

With a global reach spanning over 170 countries, Finablr companies processed over 150 million transactions in 2018, managing nearly US$ 115 billion for customers.


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