Worldremit Partners With Paga To Provide International Mobile Money Service.
Aside the use of cryptocurrencies, it’s fascinating to finally have a platform that allows Africans abroad to transfer money locally instantly at low cost.
The partnership between WorldRemit and Pagawill berth international digital money transfers, while also exposing WorldRemit to a growing urban population which is over 100 million.
Since its launch in 2009, Paga has been recognised by The World Bank and International Monetary Fund as the fastest-growing Agent Network for its role in driving financial inclusion in Nigeria. Paga is the country’s widest-reaching mobile money company, with over 14,000 agents across nearly 36 states, and is committed to making it easy for people to send and receive money digitally. Last year, after a $10 million raise, Paga announced plans to expand into new global territories and introduce new partnerships and products to the market.
WorldRemit Limited operates an online platform that lets people send money to friends and family living abroad. The company’s platform enables users to transfer money to countries, including the Philippines, Kenya, Nigeria, Zimbabwe, and India, as well as choose whether transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up. The company was founded in 2009 and is based in London, United Kingdom with regional offices in the United States, Canada, Australia, and New Zealand.
Article Source: Nairametrics
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