All about Mobile Money

What is Mobile Money?

Mobile Money is a technology that allows people to receive, store and spend money using a mobile phone.

It is sometimes referred to as a 'mobile wallet' or by the name of a specific service such as mPesa, EcoCash, GCash, Tigo Pesa and many more.

There are more than 260 different Mobile Money services around the world, although they are most popular in Africa, Asia and Latin America.

Your phone number = your account number

What is Mobile Money

Mobile Money is usually provided by the same companies that run the country's mobile phone services and is available to both pre-pay and contract customers.

Each Mobile Money user has a unique account number - normally the same as their phone number.

Sending and spending

Using a special Mobile Money menu or app on their phone, users can transfer funds to another person or to pay a business such as a shop or restaurant.

Users can also withdraw cash from their Mobile Money account at agent locations in their home country.

Mobile Money is a popular alternative to both cash and banks because it is easy to use, secure and can used anywhere there is a mobile phone signal.

Sending to a Mobile Money account with WorldRemit

What is Mobile Money

If you have previously sent money to someone's bank account or for cash pickup, you may want to try sending to their Mobile Money account instead.

Transfers to Mobile Money accounts normally arrive instantly, day or night. The person receiving the money does not have to travel anywhere to collect it.

Recipients will get a notification on their phone when the money has been added to their account. Senders also receive a confirmation when the transfer is complete.

Sending to a Mobile Money account is easy with WorldRemit. In fact, we are connected to more Mobile Money services than any other money transfer provider.


Just follow these simple steps:


1. Ask your recipient if they have a Mobile Money account. If they do, you will need to get the following information:

What is Mobile Money 

  • Mobile Money number (usually the same as the mobile phone number)
  • Name of the Mobile Money service (e.g. MTM Mobile Money, Tigo Pesa etc.)


2. Check to see if WorldRemit supports sending to Mobile Money in the recipient's county by selecting that country on the WorldRemit website or mobile app.

A list of available transfer options will be displayed. Or you can check the full list of Mobile Money services here


3. Follow the on-screen steps to send money. During the sending process, you will be asked to enter and confirm the recipient's Mobile Money number.

Please check the number carefully before sending to ensure that it goes to the correct account.

Why choose WorldRemit?

  • An illustration of a piggy bank

    Low cost

    Our low fees and exchange rates are shown upfront

  • An illustration of a spaceship


    Get your money to family and friends in minutes

  • An illustration of a desktop PC and a mobile phone


    It’s easy to use and we’re here to help round the clock

  • An illustration of two hands forming a heart


    Believe the hype: 125,000+ 5 star reviews

Safe and Secure
Your money’s in safe hands with us

Our industry-leading technology protects your money and guarantees it arrives safely every time. We’re licensed by government regulators around the world, so you can be sure we meet the highest possible standards.