Smartphone makers, Huawei has collaborated with Xpress Money, which is one of the world’s most dependable money transfer brands to improve mobile money service in Africa. It is no news that Africa houses a very large chunk of unbanked citizens. The partnership will allow the globally respected remittance firm access to Huawei’s mobile money service platform, which has over 100 million mobile money accounts globally.
According to a press release by the company, it said that Recipients of Xpress Money remittances can use the service to make online and offline payments, pay for essential services such as utilities and school fees, as well as financial services like loan applications, insurance and banking.
David Chen, Director of Marketing & Solution Sales Huawei Southern Africa Region, said that “At Huawei, we want to bring the best remittance services to our network partners and their customers. Africa is a key market in the mobile money industry and it’s imperative we give our customers here access to the best services,”
Speaking on the partnership, Sudhesh Giriyan, Chief Operating Officer of Xpress Money made known that, “For those that have limited access to formal banking services, mobile money is a critical technology. There are over 500 million mobile money accounts currently in use, and with Huawei servicing over 100 million of these, we’re confident this collaboration will improve the state of financial services for Africa’s unbanked,”
With this partnership with Xpress Money, Huawei hopes to reduce the cost of remittance services and drive financial inclusion for millions of mobile money users in Africa. This is because they are globally present in more than 165 countries across 200,000 agent locations.