Digital money transfer service, WorldRemit, announced on Friday it has partnered with East and Central Africa bank, KCB, to create a new instant option to send remittance to Kenya. According to the company, the partnership aims to support the growing demand for instant, digital remittances among more than 3 million Kenyans currently living abroad.
While speaking about the new partnership, Annastacia Kimtai, KCB Retail Director, stated:
“This partnership will bridge a gap in money remittances from the diaspora and therefore enhance the experience of our customers in East Africa and abroad. Remittances have been on the increase in the last couple of years, and we want to play a bigger role in this space. The fintech era only puts us in a better position to continue to play that role of channeling remittances to build our economy. KCB endeavors to be the bank of choice in East Africa by offering relevant and timely solutions to our customers, regardless of where they are based. Customer satisfaction is of key importance to us and we hope that you will enjoy banking with a partner that believes in going ahead, with you.”
Ismail Ahmed, founder and CEO of WorldRemit, added:
“Kenya is famed for leading Africa’s digital transformation, and today it’s Kenyans abroad who are at the forefront of digitising international money transfers. Most of our Kenyan customers use our mobile app, demonstrating the strong demand for convenience when sending to friends and family. We’re proud to work in partnership with KCB, who share our vision for digital innovation and our commitment to bringing secure, instant remittances to the diaspora around the world. Today nearly a quarter of our transfers to KCB are made by Kenyans in Australia, with the USA our fastest growing market.”
WorldRemit reported, during the first half of last year, WorldRemit passed the one million money transfers to Kenya mark. Customers now send more than 65,000 transfers to the country every month from the WorldRemit app and website.