WorldRemit, a London-based online money transfer service, has teamed up with Econet to launch instant mobile money transfers to Burundi.

The partnership will allow customers in 50 countries to remit money directly to Econet’s mobile wallet service EcoCash.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The partnership further expands WorldRemit’s footprint in mobile money remittances by introducing the two million Econet Burundi subscribers to an alternative channel for remittances.

"With only 7% of the adult population of Burundi population banked, there are now more mobile money accounts than bank accounts in Burundi," said WorldRemit.

A World Bank study points out that remittances are estimated to have contributed $51m to Burundi’s economy in 2014.

WorldRemit senior mobile analyst Alix Murphy said: "Our partnership with EcoCash means that people will no longer have to send remittances through illegal channels or pay high fees for cash to be picked up at inconvenient agent locations. Burundians can now receive money transfers straight to their mobile phones, just like an instant message."