MTN Group today announced that customers in Zambia, Rwanda and Uganda will now be able to receive money instantly into their MTN Mobile Money wallets from WorldRemit, a leading digital money transfer service.
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.
You may ask, why WorldRemit?
- It’s easy – just open the app or visit the website – no more agents.
- Transfers to most countries are instant – send money like an instant message.
- More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
- Available in 52 countries and 125+ destinations.
- WorldRemitraised $140m from Accel Partners and TCV – investors in Facebook, Spotify and Netflix.
WorldRemit’s global headquarters are in London, UK with regional offices in USA, Canada, Australia and New Zealand.
“This partnership makes sense for both companies, as WorldRemit and MTN share a disruptive approach to innovation and bringing 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 (TBC). Other countries will follow soon,” says Serigne Dioum, Head of Mobile Financial Services, MTN Group.
“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.
People in more than 52 countries use the WorldRemit app to send over 300,000 money transfers every month to over 125 destinations. WorldRemit is the leading sender of remittances to Mobile Money wallets connecting to over 20 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 14 countries across Africa.
In keeping with its aim to accelerate the rollout of international remittance, MTN launched recently cross-border mobile money transfer services between Uganda, Rwanda and Kenya. 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.
As of 30 September 2015, MTN Mobile Money had 36,5 million registered subscribers across 14 operations.