{"id":10964,"date":"2017-02-23T21:04:34","date_gmt":"2017-02-23T17:04:34","guid":{"rendered":"http:\/\/www.intelligentcio.com\/africa\/?p=10964"},"modified":"2017-02-23T21:04:34","modified_gmt":"2017-02-23T17:04:34","slug":"worldremit-mobile-money-transactions-from-tanzania-reach-10000-monthly-mark","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/africa\/2017\/02\/23\/worldremit-mobile-money-transactions-from-tanzania-reach-10000-monthly-mark\/","title":{"rendered":"WorldRemit mobile money transactions from Tanzania reach 10,000 monthly mark"},"content":{"rendered":"

Digital money transfer service, WorldRemit is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad. WorldRemit announced a new record of 10,000 unique transactions completed in the month of December 2016 alone, and 150% YoY growth in 2016, driven primarily by the rapid expansion of mobile money accounts as the preferred receive method.<\/p>\n

WorldRemit customers can send money to Tanzania via Mobile Money to Tigo Pesa, Vodacom M-Pesa and Zantel Ezy Pesa, mobile money accounts. The biggest senders to Tanzania include migrants currently living in the UK, Sweden, Australia, Norway and Canada, amongst others.<\/p>\n

With WorldRemit<\/a>, people in more than 50 countries can send instant, secure transfers to more than 140 destinations. Known as the WhatsApp of money, WorldRemit makes sending money as easy as sending an instant message. Remittances play an important role in the economy of Tanzania \u2013 in 2015 the country received a total of $390 million according to the WorldBank, almost ten times the amount received in 2010.<\/p>\n

Ismail Ahmed, founder and CEO at WorldRemit, comments: \u201cOur Mobile Money partnerships combined with existing services for bank deposits and cash pick-up will give more choice to Tanzanians, further supporting the transition from costly offline remittances via high street agents to faster, cheaper and safer online transfer methods\u201d.<\/p>\n

WorldRemit<\/a> customers currently send over 580,000 transfers every month. WorldRemit\u2019s global headquarters are in London, UK with regional offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand.<\/p>\n