WorldRemit Partners With Tigo Rwanda To Wire International Money Transfer Directly To Tigo Cash

The online money transfer service provider, WorldRemit in a press statement announced it has partnered with mobile carrier Tigo Rwanda. In a move that will enable WorldRemit users to wire directly their international money transfer to the Tigo Cash mobile wallets.

This new partnership has given forth a first of a kind service that will allow Rwandese living outside Rwanda to send money directly to their families and friends’ mobile phones via the mobile money services.

Tongai Maramba, the CEO of Tigo Rwanda, said, “Tigo Cash has already seen tremendous success and adoption within Rwanda. We hailed our one millionth active customer number recently. One-third of our customer base actively uses Tigo Cash, at least, once a month.

We welcome WorldRemit as an innovative partner allowing Rwandans abroad to send money home in the most convenient and secure way; from a smartphone to a Tigo Cash mobile wallet.”

It is estimated that some 2.6 million people in Rwanda use Tigo Cash to send and receive money. It has become an important tool in running businesses, paying utility bills and even paying for mobile carrier airtime.

According to the World Bank, in 2014, Rwandans in the diaspora sent home over $179 million in remittance. The traditional channel for remitting money from the diaspora to Africa is mainly via MoneyGram or the Western Union; both of which charge exorbitant fees for their services.

The new partnership emerged between WorldRemit and Tigo Rwanda should be able to cut down on the cost for Rwandese in the diaspora remitting money back home in Rwanda. WorldRemit has already published an app that is currently being used by people in over 50 countries to send to over 125 countries across the globe.

Alix Murphy, the Senior Mobile Analyst at WorldRemit, added, “For those sending money to Rwanda, our partnership with Tigo Cash sets a new standard; no more extortionate fees, no more waiting in line at convenience stores and cash pick-up locations. Together with Tigo, we make sending money home as easy as sending an instant message.”

Milicent Atieno

Proud Kenyan Citizen, loving everything Tech related.

Recent Posts

How you can Build a Successful Startup Enterprises

Starting your very own business can be the best thing you ever do. However, it…

13 hours ago

How can Cryptocurrency Take care of the Global Economy?

Digital Currencies have remained in the media debates and discussions in other forums. It has…

13 hours ago

How can Cryptocurrency Save your Money?

Of late, we have seen a good surge of digital currency in the market. If…

13 hours ago

What is a Reverse Flow Smoker? And Do You Need One?

Much of the reason grilled dishes are flavorful and tastier is because of the cooking…

13 hours ago

You might be Hoping for the Best, Are you Prepared for the Worst?

Pexels Source CCO License As a business owner, it’s important to remain positive. You need…

14 hours ago

What makes a Good Health Facility – Characteristics and more

Image credit When looking for a health facility, it is essential to know what characterizes…

14 hours ago