Press release: WorldRemit launches digital money transfers within Africa
Thursday, September 6, 2018
Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent.
The fast-growing economies of the East Africa – Kenya, Rwanda, Tanzania and Uganda – are being targeted for the roll-out of this latest innovation.
With its transfers to Africa growing by 80% year-on-year, WorldRemit transfers more than $1.6 billion at an annualised rate to the region. The company trades in all major African currencies every day and has an extensive pan-African distribution network including bank, mobile money and cash pick-up points..
WorldRemit’s digital money transfers are quick, secure and lower-cost – giving small and medium-sized businesses an alternative to costly traditional money transfer systems.
WorldRemit customers send transfers from over 50 countries to over 145 destinations globally. Last year WorldRemit became Arsenal FC’s first-ever online money transfer partner in a global sponsorship deal.
Source: Finextra (link opens in a new window)