NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, February 19, 2016

Vodafone and TransferTo, a company specializing in international airtime credit and mobile money transmissions, said Wednesday (Feb. 17) that they are working together to enable real-time global money transfers via M-Pesa Mobile Money accounts around the world.

The partnership will aim to facilitate the ability to send money to multiple M-Pesa accounts, in real time, while also helping consumers to enjoy a faster and easier process overall.

“We are delighted to be partnering with TransferTo to enable real-time money transfers to M-Pesa users,” Michael Joseph, M-Pesa director at Vodafone Group, said in a press release.

“TransferTo has the global reach, network of partners and assured compliance required that we need as we continue to rapidly scale international money transfers with financial institutions and mobile operators worldwide, enabling our users to receive funds from even more countries globally,” Joseph continued.