![]() ![]() TerraPay has partnered with Paga, Nigeria’s pioneering payments and financial services company and Selcom, a leading mobile money aggregator in Tanzania to launch cross border remittances to mobile money accounts in Nigeria and Tanzania respectively. Xpress Money is therefore constantly investing in the mobile services space – either through in-house innovations or by partnering with existing providers with proven technologies such as TerraPay to bring convenient remittance solutions to a wider audience.” In Africa today, Mobile Wallets are seen as a virtual bank account that enable customers to pay bills and transact, just like using a physical bank account they work exceptionally well in places where the physical network of banks is limited. Its advantages are not just restricted to convenience but also extend to offering customers lower fees and financial inclusion. Our partnership will play a pivotal role in expanding our footprint into new markets and help friends and families of migrant workers receive small value remittances frequently through a cost-effective and convenient service.”Ĭommenting on the partnership, Sudhesh Giriyan, COO, Xpress Money says, “The convenience of mobile wallets is slowly changing our customers’ remittance patterns. 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.Īmbar Sur, Founder & CEO of TerraPay commented, “TerraPay has brought mobile wallets mainstream by interconnecting them with the extensive global network of Xpress Money for cross border money transfer. Through Xpress Money’s extensive network of over 200,000 agent locations in 165 countries, migrants across the globe will be able to send remittances safely and instantly to widely used Mobile Money services in Africa.
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