ABN - Online money transfer service WorldRemit has partnered with Huawei to bring its mobile transfer services to the Chinese firm’s African users.
Money transferring services will now be available to over 100 million mobile accounts in Africa across Huawei’s smartphone and basic handset platforms through the London-based firm.
“International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” said David Chen, Vice-President of Huawei Southern Africa.
WorldRemit’s partnership with Huawei will challenge Safaricom’s mobile financial service M-Pesa in East Africa, which has proved a great success in the market.
Mobile money services such as M-Pesa have already been popular in areas of the continent where people have less access to traditional bank accounts.
WorldRemit was founded in 2010 by Ismail Ahmed, a Somali-born remittance specialist. Ahmed expects transactions involving Africans to double by 2020 and will open a regional office in South Africa later this year.