inwi money, a subsidiary of inwi and leading telecom player in mobile money services, has expanded its offering with the launch of an international money transfer service for its “inwi money” customers.
“The launch of this new service is a concrete result of our efforts to diversify the available payment methods in Morocco, to widen financial inclusion to encompass a greater number of Moroccans and to reduce dependency on cash transactions. inwi customers can now receive money from their loved ones abroad quickly and securely”, explains Nicolas Levi, CEO of inwi money.
How does it work? Once the money transfer is authorised by the sender via the WorldRemit platform, the recipient is notified by SMS, and the transferred amount is directly credited to their inwi money account.
This new service is the result of a strategic partnership between inwi money and WorldRemit, a leading provider of online money transfer services, as well as MFS Africa, a leading Pan-African fintech which operates one of the biggest e-payment platforms in Africa.
Awa Gueye, Head of Francophone West & Central Africa & Morocco at WorldRemit, said “Our partnership with inwi Money and MFS Africa sparks a great opportunity to widen the reach of our services, contributing to furthering financial inclusion in the North of the African continent. Offering a new way of receiving money into inwi’s wallet, WorldRemit provides an affordable, secure and fast money transfer service. Through this partnership we are able to facilitate access to remittances for Moroccans both at home and in the diaspora, from any one of WorldRemit’s 50+ countries across the globe”.