MPESA Customers Can Now Conveniently Receive Money Transfers from North America and Europe
Safaricom (NSE: SCOM) has partnered with Ria Money Transfer, subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), to empower more than 26 million M-PESA customers to conveniently receive international money transfers from over 20 countries across the world.
A global leader in cross-border money transfers, Ria has the second largest money transfer network in the world with 389,000 locations across 161 countries. Thanks to Ria’s seamless technology, customers can enjoy an omnichannel experience when receiving funds, a convenient service that will now be available to all M-PESA customers.
“We are excited to partner with Ria Money Transfer to enable M-PESA customers to conveniently receive money transfers from even more locations around the world. This partnership will further increase the value we provide to our customers by offering them more choice and the power to receive transfers directly into their M-PESA accounts,” said Michael Joseph, CEO, Safaricom.
“We see a great partner in M-PESA, a company committed to our same goal: providing an efficient and customer-centric money transfer service to ensure funds make it into the hands of those who need it most. We are confident in the success of this partnership and the enormous benefits it will bring our customers,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment.
