Malawians can now send money from SA through Airtel money

Airtel Malawi has partnered with South Africa’s Afrocoin to help Malawians living in the country to send money home through mobile transactions.

Afrocoin Mobile Money is an online money transfer company which helps people from all over the world to send money to recipients in Africa.

Their service is accessible via internet, mobile devices, and through calling their customer service line.

When customers send money with Afrocoin, the transferred funds are instantly disbursed to recipients through various channels including depositing into mobile money e-wallets and into bank accounts as well as through cash collection at agent locations in the destination country.

In an interview with Malawi24, Airtel said Malawians living in South Africa can meet with Afrocoin agents to register their mobile numbers.

Once registered, they will be able to send money to recipients in Malawi through Airtel money transfer and recipients will be able to get the money in Kwacha.

However, Airtel says Malawians in South Africa will only be eligible to register for Afrocoin if they have valid passport/ID and proof of residence.

Malawi24 understands that only 10 percent of Malawians living in South Africa have valid passports.

Airtel will compete with Mukuru, a Zimbabwean forex bureau which trades in the same business and allows people without valid passports to register with them.

Mukuru partnered with Standard Bank and other big shops in South Africa such as Shoprite, PEP, Pickn’Pay, Checkers and Spar.

In Malawi, Mukuru has collection points in branches of NBS Bank, Malawi Post Office and NedBank.

SOURCE:MALAWI24