Money transfers to Africa are set to get easier as WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa.
The partnership enables Huawei to add a ready-made solution for remittances to its existing suite of services. By enabling WorldRemit to connect to over 100 million mobile accounts currently using Huawei’s platform, the deal will improve access to mobile money remittance for millions of people.
WorldRemit processes 74% of all international transfers to mobile money accounts coming from money transfer operators. The deal is expected to accelerate WorldRemit’s technical integrations with new mobile money operators.
“International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” said David Chen, VP of Huawei Southern Africa. “Huawei is committed to providing advanced mobile money platforms and technologies to global mobile money operators.”
Huawei built its mobile money services platform to help deliver basic banking transactions in developing countries. The technology is not restricted, and because it works on both smartphones and basic handsets, it has been particularly successful in developing markets.