Tanzania’s Zantel EzyPesa has partnered with online money transfer service WorldRemit in a move that will allow EzyPesa customers receive money from WorldRemit from their family and friends.
Zantel EzyPesa puts WorldRemit’s transfers to two of Tanzania’s four Mobile Money services as the firm earlier signed a similar deal with Tigo Pesa which amounts to 25x more transfers to Mobile Money in Tanzania than to banks.
According to WordRemit’s founder and CEO Ismail Ahmed: “With so few bank accounts in Tanzania, Mobile Money is not just the preferred method of receiving international remittances, for many people it is the only option. There is little doubt that Mobile Money is going to be the main driver of widening financial inclusion, both in Tanzania and for the 2.5 billion unbanked people across the globe.
Available in 50 countries with headquarters in London, UK, WorldRemit sends money to more than 100 destinations. The online service lets people send money to friends and family in other countries and customers can use WorldRemit anywhere, anytime on their computer, smartphone or tablet. WorldRemit allows bank deposit, cash collection, Mobile Money, and mobile airtime top-up.
The firm raised $40m funding from Accel Partners in March this year to bring fair, transparent pricing to the money transfer industry. There are over 240 mobile money providers globally, WorldRemit aims to help customers send or receive money and make payments to make life for their friends, families and the users themselves.
