SimbaPay the digital money transfer provider has announced the expansion of its free instant deposit service to Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad.
Appsafrica.com previously reported in June how SimbaPay became the first platform in the world to allow Kenyans living abroad to make M-Pesa Pay Bill payments and continues to disrupt the cross-border remittance industry with its focus on speed and convenience.
Now SimbaPay has launched money transfers by Kenyans living abroad using SimbaPay to Choice Microfinance Bank free of fees. In addition, the recipient Choice Microfinance Bank accounts will be credited instantly.
Victor Karanja, Head of Operations for SimbaPay explained to Appsafrica.com “Our customers who already bank with Choice Microfinance Bank or have friends & family using the bank will be glad to see their transfers being credited instantly”.
For ease of use, Choice Bank has been pre-loaded on to the SimbaPay platform which eliminates the need for customers having to remember the Choice Bank pay bill details. At the time of making a money transfer using SimbaPay, customers will be required to select the bank from a database of Pay Bill businesses and then enter the destination account number and amount.
Kenyans living in the UK with a bank account, debit card or credit card are now able to use the SimbaPay app to make money transfers from any mobile phone, tablet or computer. The service will be rolled out to Kenyans living in other EU countries in the near future.