Xpress Money links with TerraPay on mobile wallet remittances

Xpress Money, one of the world's most dependable money transfer brands, is partnering with TerraPay to enable real-time international money transfers to mobile wallets in Africa, according to a press release.

Powered by TerraPay's global clearing and settlement service for mobile wallets, the partnership will make it faster and convenient for Xpress Money consumers to send money to mobile accounts, in real time.

In the initial rollout, customers can send remittances to any mobile number or bank account in Nigeria as well as directly to Vodacom M-Pesa, Tigo Pesa, Airtel Money and Zantel Ezy Pesa wallets in Tanzania by visiting the nearest Xpress money outlet across 165 countries.

"The convenience of mobile wallets is slowly changing our customers' remittance patterns," Sudhesh Giriyan, COO of Xpress Money, said in the release. "Its advantages are not just restricted to convenience but also extend to offering customers lower fees and financial inclusion."

Topics: Mobile/Digital Wallet, Money Transfer / P2P

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