Prime Bank, a leading private bank in Kenya, has partnered with London-based FinTech, SimbaPay, to launch an instant international money transfer service via the bank\u2019s digital platform, PrimeMobi.
Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe and Asia, including India, United Kingdom, China (WeChat Pay), Germany and Uganda.
SimbaPay\u2019s Head of Operations, Victor Karanja, noted that the service will provide a seamless platform for Prime Bank\u2019s customer base to send money abroad at the click of a button.
\u201cBusinesses, as well as Kenyans and expatriates with friends and family abroad, send over US$18 billion to other African countries, Asia and Europe annually with several billion Kenya Shillings going through the Simbapay network. Therefore, this service will offer Prime Bank\u2019s customers a world-class fully digital international money transfer service,\u201d added Karanja.
Prime Bank\u2019s Director for Business Development, Vijay Kantaria, said the tier 2 lender has embarked on investment in technology through partnering with various FinTechs to accelerate its digital integration plan.
\u201cThrough our digital platforms, we aim to make available a one stop solution to our customers in terms of funds transfer and with the inclusion of SimbaPay, our customers will now send money to friends and family across the world at the comfort of their mobile phones,\u201d added Kantaria.
To access the service, customers will need to log in to the bank\u2019s mobile banking app – PrimeMobi, then click on International Money Transfer icon on the homescreen. After confirming the amount to be sent, the sender\u2019s bank account will be debited and money credited to the beneficiary instantly.<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Bank, a leading private bank in Kenya, has partnered with London-based FinTech, SimbaPay, to launch an instant international money transfer service via the bank\u2019s digital platform, PrimeMobi. Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, […]<\/p>\n","protected":false},"author":36,"featured_media":36186,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[565,275,103,13,262],"tags":[679,13601,13603,13602,13604,13605],"class_list":["post-36185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-intelligent-technology-newsletter","category-mobile","category-top-stories","category-used","tag-fintech","tag-prime-bank","tag-primemobi","tag-simbapay","tag-victor-karanja","tag-vijay-kantaria"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/36185","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\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=36185"}],"version-history":[{"count":4,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/36185\/revisions"}],"predecessor-version":[{"id":36218,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/36185\/revisions\/36218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/36186"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=36185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=36185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=36185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}