Xpress Money, one of the world\u2019s most dependable money transfer brands, has joined forces with ICT company Huawei to drive mobile money services to more of the worlds unbanked, especially in Africa.<\/p>\n
The partnership will give the globally respected remittance firm access to Huawei\u2019s mobile money service platform, which has over 100 million mobile money accounts globally.<\/p>\n
Huawei\u2019s mobile money services platform delivers basic banking transactions in developing countries. The technology is not restricted, and because it works on both smartphones and basic handsets, it has been particularly successful in developing markets.<\/p>\n
Recipients of Xpress Money remittances can use the service to make online and offline payments, pay for essential services such as utilities and school fees, as well as financial services like loan applications, insurance and banking. <\/p>\n
In 2016, the World Bank reported that two billion people across the globe had no access to formal financial services. This has resulted in mobile money fast becoming a safer alternative to cash. <\/p>\n
\u201cAt Huawei, we want to bring the best remittance services to our network partners and their customers. Africa is a key market in the mobile money industry and it\u2019s imperative we give our customers here access to the best services,\u201d said David Chen, Director of Marketing & Solution Sales Huawei Southern Africa Region. <\/p>\n
\u201cFor those that have limited access to formal banking services, mobile money is a critical technology. There are over 500 million mobile money accounts currently in use, and with Huawei servicing over 100 million of these, we\u2019re confident this collaboration will improve the state of financial services for Africa\u2019s unbanked,\u201d said Sudhesh Giriyan, Chief Operating Officer of Xpress Money.<\/p>\n
By growing Xpress Money\u2019s mobile money footprint and strengthening Huawei\u2019s international reach, this partnership will help reduce the cost of remittance services and drive financial inclusion for millions of mobile money users in Africa. <\/p>\n
Xpress Money has a global presence in more than 165 countries across 200,000 agent locations providing simple, fast and secure money transfer solutions to thousands of customers, every day. <\/p>\n
Huawei\u2019s mobile money partners in Africa include Safaricom, Vodafone, Vodacom and Teasy Mobile in ten African countries; these include big markets like Kenya, Ghana, Nigeria and Zimbabwe. <\/p>\n
\u201cWith Xpress Money\u2019s strong customer base, we\u2019re excited to see how this partnership will benefit our mobile money users across Africa to provide a more convenient and cheaper remittance service,\u201d concluded Chen. \t<\/p>\n","protected":false},"excerpt":{"rendered":"
Xpress Money, one of the world\u2019s most dependable money transfer brands, has joined forces with ICT company Huawei to drive mobile money services to more of the worlds unbanked, especially in Africa. The partnership will give the globally respected remittance firm access to Huawei\u2019s mobile money service platform, which has over 100 million mobile money […]<\/p>\n","protected":false},"author":23,"featured_media":16440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[565,103,399,19,262],"tags":[385,737,708,381,297,921,685,922,337,453,923,924,925,926],"class_list":["post-16439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-mobile","category-more-news","category-regional-news","category-used","tag-africa","tag-financial-services","tag-ghana","tag-huawei","tag-kenya","tag-mobile-money","tag-nigeria","tag-remittance","tag-safaricom","tag-south-africa","tag-teasy-mobile","tag-vodacom","tag-vodafone","tag-zimbabwe"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/16439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=16439"}],"version-history":[{"count":0,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/16439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/16440"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=16439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=16439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=16439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}