WorldRemit launches MTN Mobile Money as remittance partner

WorldRemit and MTN Group have announced a partnership in which WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia, after a global partnership agreement that was signed last year between the two service providers.

Serigne Dioum, MTN Group Head of Mobile Financial Services, said “This partnership makes sense for both companies, as WorldRemit and MTN share a disruptive approach to innovation and bring 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. Other countries will follow soon.”

Alix Murphy, Senior Mobile Analyst at WorldRemit added “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.” (Source: AllAfrica.com)

More than 52 countries use the WorldRemit app to send about 400,000 money transfers over 125 destinations per month, and has now connected to over 25 mobile money services globally.

MTN Mobile Money is available in 15 countries across Africa, i.e. Benin, Botswana, Cameroon, Congo, Ghana, Guinea Bissau, Guinea Republic, Ivory Coast, Liberia, Nigeria, Rwanda, South Africa, Swaziland, Uganda and Zambia.

We believe financial inclusion starts with services like mobile money that largely target the unbanked population having more options available in how they can use their e-money.

This is great for people in the diaspora sending money back home as they can now send it directly to their loved ones using their phone numbers.