Trust Bank acquires 100% ownership of Bayba Money Transfer

New GM of Bayba, Mr Bojang

Trust Bank Gambia Limited has finally acquired 100% share capital of Bayba Financial Services Limited after a rigorous bidding process that started in 2010.  

Bayba is a money transfer company which commenced operations in The Gambia in 2007 and specialises in cash remittances.  Bayba is said to have the exclusive rights with Bayba UK for the transfer of money inter alia between the UK and The Gambia.

Bayba Gambia was a subsidiary of Bayba (UK), which is a wholly owned subsidiary of Small World Financial Services Ltd; the third largest money transfer company in Europe after Western Union and MoneyGram.