WorldRemit launches new mobile-to-mobile services in 5 African countries

26 July 2019

Money Transfer

WorldRemit customers in over 50 countries can now make instant, low-cost international mobile money transfers to 15 million accounts in Guinea, Malawi, Madagascar, Mozambique, and Niger

Johannesburg and London, 24 July 2019: Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching new international mobile money services through a partnership with MFS Africa in five countries across the region.

This launch brings WorldRemit’s mobile money service to 5 new countries via Airtel in Malawi and Niger, Orange in Madagascar, Vodacom in Mozambique, and MTN in Guinea.

WorldRemit’s mobile-first, digital model saves customers time and money as they don’t need to visit a money transfer agent to send funds home to their loved ones. Using the WorldRemit app or website, the diaspora living in over 50 countries can now send instant low-cost money transfers at any time to 15 million mobile money users across the 5 countries.

WorldRemit is the leading digital remittance company connected to 190 million mobile money accounts globally. With this new announcement, WorldRemit is connected to 39 mobile money services in 29 countries. Almost half of its transfers to Africa go to mobile money services.

MFS Africa is Africa’s largest digital payments hub, connecting over 180 million mobile wallets on the continent. Through a single API, MFS Africa connects mobile wallet systems, banks, money transfer operators, and merchants to enable real-time, cross-border and cross-network transactions.

Source: Company Press Release