WorldRemit launches instant overseas transfers to MTN Mobile Money in Cote D’Ivoire
Abidjan, Cote D'Ivoire, 1 June 2016: Digital money transfer service WorldRemit – the UK’s fastest-growing technology firm – and MTN Cote D’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote D’Ivoire.
With the WorldRemit app, the Ivorian diaspora can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire - as quickly and easily as an instant message. This means people in Cote D’Ivoire can now receive vital remittance payments on their phones instead of travelling to their nearest money transfer agent to collect cash.
WorldRemit is the leading sender of remittances to Mobile Money worldwide, sending to 33 different services in 24 countries across Europe, Africa, Asia and the Pacific. Over 100,000 WorldRemit transfers go to Mobile Money wallets every month.
MTN Mobile Money in Cote D’Ivoire is one of the largest and most sophisticated Mobile Money services in West Africa - with more than three million accounts.
In a country where 85% of adults lack bank accounts, MTN Mobile Money plays a vital role in helping people access financial services. It allows Ivorians to securely store, send and receive money, pay for electricity and other bills, set up a savings account and access a range of other financial products, with just their phones.
Catherine Wines, co-founder and COO, WorldRemit, comments: “Remittances are central to the lives of the Ivorian diaspora and the people they support back home. With Mobile Money increasingly becoming the norm in Cote D’Ivoire, WorldRemit and MTN are now giving Ivorians the security and convenience of receiving remittances on their phones as well.”