WorldRemit partners with Wari to offer instant money transfers to Senegal
New service available through Wari’s extended network of 27,000 cash pick up locations
The new service will let WorldRemit customers in over 50 countries transfer money as easily as sending an instant message, using the app or website. A list of the Wari locations in Senegal can be found here.
Wari has revolutionised the development of and access to financial services across West Africa, particularly in Senegal. The group handles over a million transactions daily through its direct and partner networks, with over 500,000 agents spread across 60 countries.
WorldRemit’s mobile-first, digital model on the send side improves security and compliance standards. Importantly, senders no longer need to visit a bricks and mortar agent, which can be inconvenient and time consuming.
Senegal has a diverse diaspora population, with top migration destinations including France, Italy and Spain. Remittances play an important role in its economy. The World Bank estimates that in 2015 over $1.6 billion dollars was received in overseas remittances.
Catherine Wines, co-founder at WorldRemit, comments: “Our partnership with Wari will enable the half a million-strong Senegalese diaspora to send money instantly from over 50 countries to thousands of locations.
“We want to give people the power to share money instantly, anytime and anywhere, further supporting the transition from costly offline remittances sent from bricks and mortar agents to safer, faster and lower cost online transfer methods.”
Kabirou Mbodje, Wari’s Founder and CEO added: “The digital industry is a game changer in offering global solutions to simplify daily transactions. Partnering with WorldRemit will reinforce our global network and support our ambition to facilitate transactions for everyone.“
In June WorldRemit announced a global integration with Google’s Android Pay, followed by a partnership with Huawei’s mobile money platform across Africa. WorldRemit customers now complete 750,000 transfers every month from over 50 send countries to over 140 receiving destinations.
For more information on how to send money to Senegal, click here.