The launch of the service means the Ivorian diaspora can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire right from the comfort of their smartphones, and for far less compared to traditional money transfer service.
People in Cote D’Ivoire can receive these vital remittances on their phones instead of travelling to their nearest money transfer agent to collect cash.
“Remittances are central to the lives of the Ivorian diaspora and the people they support back home. With Mobile Money increasingly becoming the norm in Cote D’Ivoire, WorldRemit and MTN are now giving Ivorians the security and convenience of receiving remittances on their phones as well,” said Catherine Wines, co-founder and COO, WorldRemit.
Cote D’Ivoire is one of the largest and most sophisticated Mobile Money services in West Africa, with more than three million accounts.
The service allows Ivorians to securely store, send and receive money, pay for electricity and other bills, set up a savings account and access a range of other financial products, with just their phones.
The partnership with MTN Cote D’Ivoire and WorldRemit will further play a vital role in helping Ivorians access financial services, and boost economic growth and livelihoods of the people.
WorldRemit is on a mission to make money transfers, especially mobile money, easy and cheap in Africa.
Over the last few years, the company has launched this service in several African countries, including Nigeria, Congo DRC, Rwanda, Uganda and Zambia, with plans to expand into other African countries.