WorldRemit announces its partnership with MTN Group which allows customers to promptly send and receive money to any MTN Mobile Money wallets in two East African countries namely Uganda and Rwanda as well as Zambia in Southern Africa.
MTN Mobile Money is a simple, fast, affordable, secure, and convenient way of sending payments, transferring money, and doing online transactions using your mobile phones. You can also send and receive money, pay bills, buy and pay insurance, pay for airline tickets, pay employee salaries, and other money transactions. You do not need to travel and wait to send or receive money. You may register using your valid ID and enjoy the ease of using these offers.
While WorldRemit gradually joins the cabal of leaders in global money remittances, they have just been partnered to several known telecommunication service providers. This has been the result of global partnership agreement for the customers to send remittances all around the globe.
The company prides this reason as one of the great advantages of customers using its online money transfer services to exchange money with different people all around the world.
Read the official press release:
WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia
London, UK and Johannesburg, South Africa – WorldRemit and MTN Group today announced that WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia.
The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers.
“This partnership makes sense for both companies, as WorldRemit and MTN share a disruptive approach to innovation and bring impactful services to our customers. 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 soon,” says Serigne Dioum, MTN Group Head of Mobile Financial Services.
“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,” says Alix Murphy, Senior Mobile Analyst at WorldRemit.
She continues: “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 including savings and insurance schemes.”
People in more than 52 countries already use the WorldRemit app to send around 400,000 money transfers every month to over 125 destinations. WorldRemit is the leading sender of remittances to Mobile Money wallets connecting to over 25 different services worldwide.
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, i.e. Benin, Botswana, Cameroon, Congo, Ghana, Guinea Bissau, Guinea Republic, Ivory Coast, Liberia, Nigeria, Rwanda, South Africa, Swaziland, Uganda and Zambia.
In keeping with its aim to accelerate the rollout of international remittance, MTN launched a cross-border mobile money transfer service between Uganda and Rwanda in August. The service allows customers in both countries to transact via MTN Mobile Money with the same simplicity as for a local money transfer. MTN also offers a mobile money cross-border remittance service between Ivory Coast, Benin, Burkina Faso and Niger. The remittance corridor between Kenya and Rwanda is the latest addition to MTN’s Mobile Money bouquet of services. It forms part of a major initiative between MTN and Vodafone, to enhance financial inclusivity in East Africa.
In the six months to 30 June 2015, MTN grew mobile money subscribers by 45,8% to 32,4 million.