International money transfer firm WorldRemit has partnered with MTN Group to allow WorldRemit customers globally to send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia.
“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.
The deal opens up both platforms to more customers, increase their engagement and helping them onboard more customers in the countries and those in the diaspora. By turning to Mobile Money which has already overtaken cash pick-up and bank deposits in Uganda, WorldRemit and MTN’s Mobile Money services will reach millions of people without bank accounts, giving them access to a variety of life-enhancing financial services including savings and insurance schemes.
“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.
Present in over 52 countries, the WorldRemit app is used to send around 400,000 money transfers every month to over 125 destinations. Its partner, MTN Mobile Money is used by customers in 15 countries across Africa, these deal therefore opens up Africa to financial inclusion.