HomeSend, Vodafone expand M-Pesa remittance services into new markets

HomeSend, an international payment and money transfer hub, has announced the launch of M-Pesa remittance services into four new markets through the expansion of its global framework agreement with Vodafone Group.

Together, both companies will enable the real-time, mobile receipt of remittances by M-Pesa users in the Democratic Republic of Congo, Ghana, Mozambique and Lesotho.

“M-Pesa makes money mobile, now increasingly across borders too. We’re delighted to offer our customers more choice to send and receive money from other countries and networks. HomeSend connects them to an extensive global network, offering an affordable, secure and convenient solution for inbound digital money transfers.” Head of M-Pesa commercial and strategy at Vodafone, Claire Alexandre said in a press release.

CEO of HomeSend, Stephen Doyle said,“Vodafone is a pioneer in domestic mobile money services. HomeSend, as the leading global payments hub, remains a natural partner for Vodafone to connect their domestic deployments to users worldwide,”

He added, “We are thrilled to expand our work with Vodafone to bring all-important, cost-effective money transfer services to M-Pesa customers in even more countries.”

In addition to Kenya, HomeSend has already launched connections for inbound remittances with M-Pesa in Tanzania.

HomeSend will provide a way to receive remittances by enabling MasterCard payments cards to be used as it focuses on broadening its network and service offering. Throughout 2016, several markets are expected to go live with this product.

HomeSend is a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border and cross-network value transfers through a single connection.

Sponsored Links

Related posts