Banking Fintech News

WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal

WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal

Using the WorldRemit App, Customers in Over 50 Countries Can Now Send Money Instantly to Over 60 000 Wizall Money Mobile Accounts in Senegal

Leading online money transfer company WorldRemit has joined forces with Wizall Money to launch its first mobile money transfer service to Senegal.

WorldRemit saves the Senegalese community living abroad time and money as they do not have to visit a traditional money transfer agent and pay expensive fees to send money home. Instead, using the WorldRemit app or website, they can send funds online 24/7.

Read More: Kurtosys Raises Funding From Vistara Capital to Accelerate Global Growth

The new partnership with Wizall Money enables WorldRemit customers in over 50 countries, including France, Spain and the USA, to send money home instantly to over 60 000 mobile money accounts in Senegal. Recipients can then store their funds, pay for bills or pay for goods in shops directly from their Wizall Money account.

In addition to the new mobile money service, WorldRemit also offers bank transfer, cash pickup and mobile airtime top-up services to Senegal, so customers can choose the pay-out option that suits their receiver best.

Estimates suggest that the Senegalese diaspora community is almost 560,000-people strong, and the money they send home makes a huge difference to the lives of thousands of families. Senegal is estimated to have received almost $2.5bn in remittances in 2019, accounting for 10% of the country’s GDP.

Read More: Magna Finance Company Selects Input 1 Premium Billing System as Their Platform for the Future

Mamadou Wilane, Business Development Manager for West Africa at WorldRemit, said: “We are delighted to partner with Wizall Money to launch our first mobile money transfer service to Senegal.

“According to the World Bank, nearly 60% of adults in Senegal remain unbanked. Our new service will enable families across urban and rural areas of the country to receive money from abroad straight to their mobile phone, without the need for an internet connection or bank account.”

Read More: SoFi Supercharges its Debit and Credit Cards with Mastercard

Related posts

SEPA Cyber Technologies Unlocks a New Market for MultiBank

Fintech News Desk

Marqeta Survey Finds Consumers Interested in Embedded Finance Offerings

Business Wire

Even Financial Launches ‘Financial Products for Salesforce’ on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Fintech News Desk
1