Lycamoney, MTN and Bics launch UK-Ghana remittance corridor

Money Transfer

In separate announcements on Wednesday, two MVNOs focused on mobile services for foreign nationals took the wraps off new payment services that make it easier to send money and buy credit via handsets.

U.K.-based Lebara is enabling its customers in the U.K. to top-up their credit, buy SIM cards and set up recurring payments via mobile-optimised Websites hosted by payment platform provider Adyen. It is planning to extend the offer to customers in Germany, France, and Spain.

"Lebara delivers low-cost and high quality services that enable our customers to stay connected with their family and friends, abroad and at home," noted Lebara chairman Ratheesan Yoganathan, who said the tie-up with Adyen will allow it to deliver "specialist payment services for the benefit of our customers".

Meanwhile, Lycamobile's financial services division Lycamoney on Wednesday established a new mobile remittance corridor between the U.K. and Ghana.

The MVNO has partnered with BICS and MTN Ghana to allow the latter's MTN Mobile Money customers to send and receive money from users of the Lycamobile Money service, which uses BICS's HomeSend mobile money transfer hub.

"Money transfer is the next exciting step towards realising our strategy to service the communication, travel and financial services needs of ethnic and immigrant communities around the world," said Lycamobile's group CEO Milind Kangle.