bills - money transfer

According to Techzim, WorldRemit, the online money transfer service has announced a partnership with Econet Burundi. The partnership enables transfer of money to an EcoCash wallet in Burundi from the Diaspora via its Instant Mobile Money service.

The service potentially introduces 2.8 million Econet Burundi subscribers to an alternative channel for remittances. Using the service, anyone in the 35 markets that WorldRemit operates from  (including Australia, Canada, Greece and UAE) will be able to transfer money directly into an EcoCash wallet in Burundi.

A similar arrangement already exists in Zimbabwe between the two companies but this is the first of its kind in Burundi.

This partnership further extends WorldRemit’s footprint in mobile money remittances as the company apparently has been tapping into mobile money services as a global expansion strategy.

Speaking to Techzim, WorldRemit, says, “this service is meant to address a market of 350,000 Burundians that live outside the country, while drawing on the huge role played by mobile money services in a largely unbanked country.”

Photo Credit: bubu bu via Compfight cc

Read this next
More From TC
Business, Government, Policy, Politics
21st August 2019

Stable electricity generation and supply has been a challenge for many African countries for years. In 2014, only 45% of the continent’s 1.2 billion people had access to electricity. When North African countries were excluded, the figure dropped to less than 30%. In 2015, the 48 countries in Sub Saharan Africa produced around 80,000 megawatts […]

AfCFTA, Business, ecosystem, Entrepreneurship, Events, Government
19th August 2019

The Africa Technology and Creative Group’s (ATCG) two-day meet-up in Kigali ended Friday with recommendations on the governance structure, definitive guide on the goals and objectives of the group in relation to the implementation of the Africa Continental Free Trade Agreement (AfCFTA). The ATCG is a coalition of technology and creative professionals who are devoted […]

TechCabal is a Big Cabal Media brand

Copyright © 2019
All rights reserved

Privacy & Terms