With the launch, any Airtel subscriber can now instantly receive remittance payments on their phone instead of travelling to a foreign exchange bureau to collect cash.
There are currently over one million Airtel Money users in Congo DRC.
“Mobile Money is driving financial inclusion in Congo DRC, where less than 18% of the population has a bank account. Not only does it provide Congolese with a secure way to send, store and receive money, Mobile Money also allows people to receive salary payments, pay bills and make purchases at local shops,” said Alix Murphy, senior mobile analyst at WorldRemit.
He added, “Now Congolese can instantly receive remittances onto their Airtel Money wallets from their loved ones abroad with WorldRemit. At WorldRemit we make sending money overseas as easy as sending an instant message.”
In addition to instant transfers into Airtel Money wallets, WorldRemit also offers the option for people in Congo DRC to collect transfers as cash at any branch of Moneytrans.
This service will be particularly useful to Congolese in diaspora. They can now send money back home to friends and family right from the comfort of their smartphone, and for less compared to traditional money transfer service.
WorldRemit is the leading sender of remittances to Mobile Money services worldwide. People in more than 50 countries currently send over 400,000 transfers with WorldRemit to more than 125 destinations every month, with around a third of transfers going to Mobile Money wallets.