Revolut, a UK-based fintech, has extended its international transfers feature Mobile Wallets with 14 new payment corridors, 9 new countries, and 3 digital wallets: Airtel, Orange Money, and MTN.
Details
Revolut will enable customers in the UK and most European countries (EEA) to send money quickly and easily to African countries:
- Orange Money to Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar and Sierra Leone
- Airtel Money to Congo, Gabon, Madagascar, Malawi and Zambia
- MTN to Guinea-Bissau, Côte D’Ivoire, Congo and Zambia
Users send money abroad quickly using only recipient IDs such as their name alongside their phone number or email addresses.
Revolut customers in the UK and most European countries (EEA) can use Mobile Wallets to send money to 4 different wallets (M-Pesa, Airtel, Orange Money, MTN) used across 10 countries in Africa.
Revolut plans to add more wallet routes in the coming months
Samuel Fairburn, Product Owner for Remittances at Revolut, said: “We’re delighted to launch Mobile Wallets so that Revolut customers can send money in a flash. Sending money home to Africa is a challenge many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers.”
“By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”
Source: Yahoo News
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