WorldRemit expands into Tanzania

WorldRemit expands into Tanzania

Thu Feb 23, 2017

With WorldRemit, people in more than 50 countries can send instant transfers to more than 140 destinations. Known as the ÒWhatsApp of moneyÓ, WorldRemit makes sending money as easy as sending an instant message.

 

Remittances play an important role in the economy of Tanzania - in 2015 the country received a total of $390 million according to the WorldBank, almost ten times the amount received in 2010. WorldRemit customers currently send over 580,000 transfers every month.

 

Ismail Ahmed, founder and CEO at WorldRemit, comments: ÒOur Mobile Money partnerships combined with existing services for bank deposits and cash pick-up will give more choice to Tanzanians, further supporting the transition from costly offline remittances via high street agents to faster, cheaper and safer online transfer methods.

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