New money transfer service for Kenyans abroad



From MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – SIMBAPAY, the money transfer provider, has announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya.

Money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.

In addition, the recipient Choice Microfinance Bank accounts will be credited instantly.

Victor Karanja, Head of Operations for SimbaPay, commented on the partnership.

Our customers who already bank with Choice Microfinance Bank or have friends & family using the bank will be glad to see their transfers being credited instantly Karanda said.

Stanley Kasyoka, Deputy Chief Executive Officer at Choice Microfinance Bank added, We are very excited about this new partnership with SimbaPay which is heavily engaged with the economic force that is Kenyans living abroad. Kenyans abroad are the country’s largest earner of foreign exchange today.

The SimbaPay app can be downloaded for free from the Apple or Android app stores.

Kenyans living in the UK with a bank account, debit card or credit card are now able to use the SimbaPay app to make money transfers from any mobile phone, tablet or computer. The service will be rolled out to Kenyans living in other EU countries in the near future.

Choice Microfinance Bank a microfinance institution founded by Kenyans
– CAJ News

Short URL:

Posted by on Aug 27 2015. Filed under Africa & World, Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.