New instant cash transfer service launched in Rwanda

mobile moneyFrom PHYLLIS BIRORI in Kigali, Rwanda

KIGALI, (CAJ News) – WORLDREMIT, the online money transfer service, has launched instant transfers to Tigo Cash mobile wallets in Rwanda.

The new service allows WorldRemit customers from over 50 countries from across the globe to send money to Tigo Cash customers in the East African country.

Tongai Maramba, Chief Executive Officer, Tigo Rwanda, said Tigo Cash had already seen tremendous success and adoption within Rwanda.

The company hailed its one millionth active customer number recently.

One third of Tigo Rwanda customer base actively uses Tigo Cash at least once a month.

“We welcome WorldRemit as an innovative partner allowing Rwandans abroad to send money home in the most convenient and secure way – from a Smartphone to a Tigo Cash mobile wallet,” said Maramba.

Alix Murphy, Senior Mobile Analyst at WorldRemit, said the partnership with Tigo Cash set a new standard.

“No more extortionate fees, no more waiting in line at convenience stores and cash pick-up locations. Together with Tigo, we make sending money home as easy as sending an instant message,” said Murphy.

Tigo Cash in Rwanda offers innovative digital financial services to over 2,6 million people in Rwanda – the main services includes sending and receiving money, merchant payment, electricity bills and Pay TV as well as airtime recharge.

In recent months, Tigo Rwanda introduced Tigo Sugira, which is said to offer the best interest rates on the market and is first savings account on mobile.

The WorldRemit App already allows people in more than 50 countries to send money to more than 125 destinations. Rwandans living and working abroad are are estimated to have sent home more than $179 million in remittances in 2014.

This is according to the World Bank.

CAJ News

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Posted by on Nov 17 2015. Filed under Africa & World, Featured, Finance, Finance & Banking, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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