Five more European Union countries have become the latest stopovers for SimbaPay leading digital money transfer provider.
The five include France, Germany, Ireland, Italy and Spain.
The expansion of the instant Africa money transfer services to the five countries now means that Africans living in these EU countries will be able to send money back home instantly and free of charge Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, merchant or bank account.
“Our goal of connecting all Africans living abroad to any Mobile Money wallet or Bank Account in Africa just moved one step closer.” Noted SimbaPay CEO NyasingaOnyancha
SimbaPay will be expanding to another 6 countries by the end of March 2016. According to the World Bank, Africans abroad currently send home an estimated $64 billion annually which is more than double the $30 billion that it receives in Foreign Aid.
How the Service Works
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, etc.