EXCLUSIVE CONTRACTS AGREEMENTS IN THE MONEY TRANSFER SERVICES IN THE GAMBIAExclusive Contracts Agreements • February 16th, 2023
In The Gambia, money transfer services are providedby a number of internationally-recognized and established financial institutions, namely, Western Union, Money Gram, RIA and Money Express, through various licensed outlets which include commercial banks and foreign exchange bureaus. These establishments, which act as local representatives, agents or sellers of these renowned enterprises,arebound by an agreement which bars them from serving a competitor in the same outlet, both during and after the termination of the contract, for a long duration, thereafter.
