WorldRemit launches instant Mobile Money transfers to Congo DRC
Congolese diaspora can now send remittances instantly to Airtel Money wallets
London, UK, 23 March 2016: Money transfer app WorldRemit – the ‘WhatsApp of money’ – has launched instant remittances to Airtel Money wallets in Congo DRC.
This means that any Airtel subscriber can now instantly receive remittance payments on their phone instead of travelling to a foreign exchange bureau to collect cash. There are currently over one million Airtel Money users in Congo DRC.
WorldRemit is the leading sender of remittances to Mobile Money services worldwide. People in more than 50 countries currently send over 400,000 transfers with WorldRemit to more than 125 destinations every month, with around a third of transfers going to Mobile Money wallets.
Alix Murphy, senior mobile analyst at WorldRemit, comments: “Mobile Money is driving financial inclusion in Congo DRC, where less than 18% of the population has a bank account. Not only does it provide Congolese with a secure way to send, store and receive money, Mobile Money also allows people to receive salary payments, pay bills and make purchases at local shops.
“Now Congolese can instantly receive remittances onto their Airtel Money wallets from their loved ones abroad with WorldRemit. At WorldRemit we make sending money overseas as easy as sending an instant message.”
In addition to instant transfers into Airtel Money wallets, WorldRemit also offers the option for people in Congo DRC to collect transfers as cash at any branch of Moneytrans.
Note to editors
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WorldRemit is changing the way people send money.
It’s easy – just open the app or visit the website – no more agents.
- 100,000+ transfers on WorldRemit are sent to Mobile Money accounts every month, equivalent to 25% of all money transfers. More than 50% of all transfers to Africa are currently received as Mobile Money.
- 90 million individual Mobile Money accounts can be reached as part of WorldRemit’s network of partnerships with leading Mobile Money providers
- 29 Mobile Money services in 21 countries across Europe, Africa and Asia are connected to WorldRemit – literally from Armenia to Zimbabwe.
- Founded in 2010 by Ismail Ahmed, a former compliance advisor to the United Nations, WorldRemit is available in 50 countries and offers transfers to more than 125 destinations.
WorldRemit’s global headquarters are in London, UK with regional offices in the United States, Canada, Japan, Australia and New Zealand.
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