WorldRemit join MTN to expand money transfers

WorldRemit and MTN Group today last week announced their customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia.

“This partnership makes sense for both companies, as WorldRemit and MTN share a disruptive approach to innovation and bring impactful services to our customers,” Serigne Dioum, the MTN Group Head of Mobile Financial Services said in a release. 

“Together, we are now providing an instant, fully digital and very affordable solution to send international remittance to Rwanda, Uganda and Zambia. Other countries will follow,” he said.

The launch follows the signing of a global partnership to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers.

Alix Murphy (below), the Senior Mobile Analyst at WorldRemit said: “At WorldRemit, we are pioneering international mobile-to-mobile remittances. Our partnership with MTN allows our customers around the world to send money instantly from the WorldRemit app to MTN Mobile Money users in Rwanda, Uganda and Zambia. Together with MTN, we make sending money home as easy as sending an instant message.”

MTN Mobile Money enables users to perform utility payments, save money, purchase airtime and access a range of mobile financial products. To date, MTN Mobile Money is used by customers in 15 countries across Africa.

Murphy said: “For diaspora members sending money to friends and family back home in these countries, Mobile Money is a real game-changer. In Uganda, Mobile Money has already overtaken cash pick-up and bank deposits as the preferred method to receive money. 

“We expect this trend to continue as MTN’s Mobile Money services reach millions of people without bank accounts, giving them access to a variety of life-enhancing financial services.”

 People in more than 52 countries already use the WorldRemit app to send around 400,000 money transfers every month to over 125 destinations.  The remittance corridor between Kenya and Rwanda is the latest addition to MTN’s Mobile Money bouquet of services. 

SOURCE:BUSIWEEK