Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa.
According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into Cameroon, Benin, Burkina Faso, Niger and Cote D’Ivoire before the end of the year. The new service will let WorldRemit customers in over 50 countries transfer money as easily as sending an instant message, using the app or website.
While sharing details about the partnership, Samira Khamlichi, Chief Executive at Wafacash, stated:
“By extending our partnership with WorldRemit we wish to contribute to the improvement of the financial inclusion in our country and to the diversification of legal financial channels. Our extended partnership will allow WorldRemit customers in over 50 countries to send money to our cash pick up locations across the region. This is only the beginning, as together with WorldRemit we will explore many other countries and horizons because our main objective is to better cater to the needs of our clients and business partners.”
Ismail Ahmed, Founder and CEO at WorldRemit, added:
“We are delighted our partnership with Wafacash is growing. We have a shared vision that money transfers should be as safe, fast and low-cost as possible. This expansion means more cash pickup points in the region, making our service even more convenient to our customers.”
In June WorldRemit announced a global integration with Google’s Android Pay, followed by a partnership with Huawei’s mobile money platform across Africa. WorldRemit customers now complete 700,000 transfers every month from more than 50 send countries to over 140 receiving destinations.