Easy way to transfer money PowerPoint PPT Presentation

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Title: Easy way to transfer money


1
How to transfer money with low fees to African
countries? One of the most popular channels for
money transfers to Africa is the rampant use of
mobile wallets. Mobile wallets are an effective
way to reduce the costs of money transfer in
Africa. Twelve years ago, mobile wallets gained
popularity in Kenya as an easy and convenient way
to transfer funds. M-Pesa was one of the
pioneering contributors and offered additional
services like microfinance loan repayment through
mobile wallets. Interestingly, along with the
rise of foreign remittances, sub-Saharan Africa
also reported the maximum number of
mobile-to-mobile money transactions. Over 45 of
the worlds total transactions happen in this
region alone. Today, Xpress Money offers mobile
wallet services in African countries like Kenya,
Ghana, Nigeria, Uganda, Benin, Zimbabwe, Congo,
Cameroon, and Senegal.
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