SimbaPay, a digital money transfer provider, has expanded its instant Africa money transfer service to five new European countries (France, Germany, Ireland, Italy and Spain).
With this platform, Africans living in these EU countries will be able to send money back home instantly and free of charge. In addition money transferred via the service to Africa will be credited instantly at the destination mobile money wallet, merchant or bank account.
According to Nyasinga Onyancha, CEO for SimbaPay: “Our goal of connecting all Africans living abroad to any Mobile Money wallet or Bank Account in Africa just moved one step closer.” He also expressed that “We’re quite pleased to deliver this to Africans in the EU and partner banks in Africa that have been requesting we expand the service to these new territories”.
The CEO also said that the company will be expanding to another 6 countries by the end of March.
Accroding to the world bank, Remittances to the sub-saharan region amounted to $35 billion in 2015, while outward remittances were $4 billion in 2014.
To send money via SimbaPay, Africans living in the EU with a bank account or debit card simply need to download the SimbaPay app from the Apple AppStore or Google Play and proceed to make money transfers straight from any mobile phone, tablet or computer. Apart from sending money direct to mobile money services such as M-Pesa, customers can also send money to bank accounts in Africa and to Pay Bill merchants such as schools, utility companies.