Mobile Money Service a First for Burundi, ‘Just Like an Instant Message’

Thursday, August 13, 2015

London-based money transfer services provider WorldRemit has partnered with Zimbabwe-based EcoCash service to launch instant mobile money transfers in Burundi.

This is a first such mobile service available for the landlocked Burundi, population 10-million-plus, according to a statement by WorldRemit.

NBC12 described WorldRemit as “the WhatsApp of money.”

Its instant mobile money transfers to Burundi mean customers can now send money direct to EcoCash mobile wallets – just like an instant message.

WorldRemit says it has customers in 50 countries who can send money direct to EcoCash mobile wallets in Africa, Asia and Oceania, ITWebAfrica reports.

Remittances are estimated to have contributed US$51 million to Burundi’s economy in 2014, according to World Bank reports. WorldRemit and EcoCash want a piece of that.

Significant Burundian communities exist in the U.S., Canada, U.K., France, Belgium, Sweden and Australia.

Source: AFKInsider (link opens in a new window)

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digital payments, mobile money, remittances