M-pesa is now stretching and broadening its wings all over, crossing international boundaries. Two European firms have entered into partnership with m-pesa that will allow Kenyans abroad to instantly send cash through m-pesa.The two companies are London based Azimo and Homesend of Belgium.
Azimo is a platform that has been offering low cost and easy way to send money from the u.k to other parts of the world, whereas Homesend is a mobile wallet service also in dire need to expand throughout Africa and Asia-Pacific
Azimo and Homesend are in partnership. This is what they had to say -Our partnership with Azimo adds to the tremendous reach of the Home Send network,” added Doyle. “We’re excited that these kinds of meaningful partnerships are helping to not only give consumers access to safe ways to send funds, but also drive more financial inclusion around the globe.”
Stephen Doyle the Chief Executive Officer of Home send was quoted in a statement saying “This form of money transfer (mobile) has gained particular popularity due to its convenience, security, competitive pricing and near-instant delivery times,”
The two money transfers have a strong network of customers across 20 countries in Europe with lucrate boasting of a wider reach than agents and bank networks. This partnership will also enable migrant workers send cash to Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Nepal, Nigeria, the Philippines and Somalia.
A new wind of money remittance companies also signing deals involving money transfer include: Bharti Airtel and IDT corporation, signed a deal that will allow Kenyans in the Diaspora to directly send money through Airtelmoney.WorldRemit a u.k based online money transfer service signed a deal allowing people in the Diaspora using MTN Mobile money.