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.”