Moneytrans Launches the First Mobile Remittance App in the Republic Democratic of Congo

15 September 2017

Money Transfer

Moneytrans, a fintech company servicing the low-income migrant population announces the launch of a smart and convenient mobile App to send money in minutes within and outside Africa to any of its 250,000 locations.

Established in the DRC since 2004, Moneytrans sees a great opportunity there as its Mobile App will eliminate the hassles of travelling long distances, spending hours queuing, and facing other hurdles such as limited working hours or power outages. "We are proud to introduce the first full-fledged remittance App in DRC; we strongly believe in a hybrid multi-channel model, letting our customers choose how to send or receive their money." said Francisco Sanchez Apellaniz, Moneytrans CEO & Founder.

The iMoneytrans App is the first money transfer App built by its customers; "The App is intuitive, interactive and really easy to use - reported Moneytrans' Head of products, Paola Luyo - "we spent the last years working with our customers to provide a state-of-the art remittance mobile App having all the functionalities of the best Apps already in use on other continents." Jeremy De Smet, COO of Moneytrans, added that: "We seek to reach all migrant workers, expats and travelers and give them a service that is fast, easy to use and comes with a transparent cost structure: « what you see is what you get»."

Laetitia Carbajo, Head of marketing at Moneytrans, concluded that: "The African ecosystem requires innovative solutions to increase financial inclusion. With a strong economic growth, an ever-increasing number of Smartphones users and a favorable legal framework, the DRC is a great destination for investment in banking and technology. Moneytrans - whose strategy is to become a neo-bank for migrant workers in Europe - is also seeking to becoming a major digital financial player in the DRC."

Moneytrans is a reputed payment institution, duly licensed in Europe, with 20 years of experience in providing instant money transfer services. Over the years, we have widened our range of services: FX solutions, bill payments, prepaid cards, mobile top up. 2017 marks another important milestone for Moneytrans who has successfully joined the SWIFT Community as a full member, and is set to provide to its customers customized payment accounts in IBAN format.

Source: PR Newswire