WorldRemit, the money transfer app that represents UK’s fastest growing technology firm, has introduced instant money transfers to M-Pesa wallets in Albania.
This means that instead of going to a foreign exchange bureau to collect cash, any Vodafone subscriber will now be able to instantly receive remittance payments directly on their phone.
Alix Murphy, senior mobile analyst at WorldRemit, comments: “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.”
Launched exactly one year ago, 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.