WorldRemit, a London-based online money transfer service, has partnered with Vodafone to launch international money transfers in Albania using the telco’s mobile payment service M-Pesa.
This alliance will allow WorldRemit customers to send instant money transfers to any Vodafone customer in Albania.
Go deeper with GlobalData
Vodafone users can then instantly receive remittance payments on their phone instead of travelling to a foreign exchange bureau to collect cash, WorldRemit said.
Launched in May 2015, M-Pesa in Albania allows people to deposit and withdraw money at Vodafone M-Pesa agents throughout the country, send money to any Vodafone mobile number in Albania and make bill payments.
WorldRemit senior mobile analyst Alix Murphy said: "The majority of adults in Albania do not have bank accounts, but mobile phones are widespread. M-Pesa is helping to drive financial inclusion in Albania by providing a secure way for people to send, store and receive money using just their phones.
"Albanians nowadays are in close touch with their family members all over the world through instant messaging services. With the WorldRemit app, Albanians abroad can now send vital remittance payments instantly to the M-Pesa accounts of their loved ones back home. At WorldRemit we make sending money overseas as easy as sending an instant message."
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.
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
