PiPiT, a secure and private online payment platform which helps migrants transfer cash and pay bills overseas, has entered into a €2m partnership deal with Cellulant and Tawakal in move to improve financial inclusion and payments.
PiPit was part of the Irish trade delegation programme organised by Ireland’s trade and innovation agency, Enterprise Ireland.
Through PiPiT’s partnership with Cellulant the company will be able to offer Kenyan’s/East African’s living abroad the ability to pay bills at home, shop online on Kenyan sites, lodge cash to bank accounts at home and convert cash into mobile money.
In a statement, Fred Klinkenberg, Enterprise Ireland’s Country Manager for South Africa said; “Enterprise Ireland is focused on steadily growing partnerships between Irish and Kenyan companies. The breadth of deals announced today very much reflect the opportunities for partnership and deliver mutual benefit for the Kenyan and Irish economies in terms of business and employment growth. The Enterprise Ireland trade mission to Kenya this week will focus on providing Irish companies with a spotlight in Kenya and strengthening ties with existing and new Kenyan partners.”
PiPiT works with different payment platforms to provide its service, such as Hygiea Health Insurance in Nigeria and ImpalaPay in Kenya, with thousands of migrants from these and other countries using their service to pay their bills back home.
PiPiT banking is partnering with banks in developing countries, including Kenya, to use their Collection Network to enable overseas customers to lodge money to their bank accounts back home through the UK Post Office for example. Kenyan’s living in UK can lodge cash to their home accounts with banks such as Tawakal via PiP iT in the UK (as opposed to remitting cash).