90% of our money transfers to Rwanda via mobile phones – World Remit

Thursday, July 19, 2018

By Athan Tashobya

Up to 90 per cent of international money transfers to Rwanda through World Remit come through mobile wallets, a new survey indicates, highlighting the growing importance of mobile money transactions.

The report, which was released yesterday by WorldRemit, a leading international digital money transfer company, says that Rwanda – along with Tanzania – is experiencing the fastest growth in mobile money remittances in East Africa, increasing on average 9 per cent month-on-month.

WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers.

“Transfers to mobile money accounts make up 90 per cent of WorldRemit’s transactions to Rwanda, and is growing rapidly,” a statement from Worldremit reads in part.

Photo courtesy of Simone McCourtie.

Source: The New Times (link opens in a new window)

digital payments, fintech, remittances