Sunday, September 28, 2025
26 C
Lagos

SimbaPay Expands Africa Remittance Service to More EU Countries

SimbaPay, a leading digital money transfer provider, has expanded its instant Africa money transfer service to 5 new EU countries. The new countries are France, Germany, Ireland, Italy and Spain. This follows a pilot that has been running for 3 months in the new EU countries.

Africans living in these EU countries will now be able to send money back home instantly and free of charge. Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, merchant or bank account.

According to Nyasinga Onyancha, CEO for SimbaPay “Our goal of connecting all Africans living abroad to any Mobile Money wallet or Bank Account in Africa just moved one step closer.”

He also expressed that “We’re quite pleased to deliver this to Africans in the EU and partner banks in Africa that have been requesting we expand the service to these new territories.”

Future Countries
SimbaPay will be expanding to another 6 countries by the end of March 2016.

According to the World Bank, Africans abroad currently send home an estimated $64 billion annually which is more than double the $30 billion that it receives in Foreign Aid.

How the Service Works
To send money via SimbaPay, Africans living in the EU with a bank account or debit card simply need to download the SimbaPay app from the Apple AppStore or Google Play and proceed to make money transfers straight from any mobile phone, tablet or computer.

Apart from sending money direct to mobile money services such as M-Pesa, customers can also send money to bank accounts in Africa and to Pay Bill merchants such as schools, utility companies, etc.

Accolades
In 2015, SimbaPay was named the Overall Winner at the prestigious Demo Africa 2015. SimbaPay was also nominated as finalist in the Best FinTech Innovation category at the annual Apps Africa Innovation awards.

SimbaPay also launched free, instant transfers to all Nigerian banks last year.

In June 2015 it became the first platform in the world to allow Kenyans living abroad make M-Pesa PayBill payments and continues to disrupt the cross-border remittance industry with its focus on extreme speed and convenience.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

NCC, NATCOMS Lead Stakeholders @2023 ITREALMS E-Waste Dialogue

Telecommunications regulator, the Nigerian Communications Commission (NCC) is leading...

Again, NCC Absolves Minister of Involvement in NiDCOM Office Space Process

  The Nigerian Communications Commission (NCC) has, again, clarified that...

Stanbic IBTC Charts Course for Real Estate Dev in Nigeria

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC...

NCDMB Challenges Media to Interrogate, Support Nigerian Content Performance

The Nigerian Content Development and Monitoring Board (NCDMB) in...

DRONES: $100bn GDP Boost, 5m Job Opportunities in India-WEF

Putting drones at the centre of a technology-led transformation...

Market Statistics Tuesday, 26th September 2017

Market Cap (N'bn)              12,048.5 Market...

AIICO Insurance Reports Group Revenue of N15bn in Q1, 2023

  Mr. Babatunde Fajemirokun Group Managing Director/CEO AIICO Insurance Plc AIICO Insurance Group,...

Real Madrid tops Football Rich List for 10th Straight Year

Story highlights • Real Madrid tops Deloitte’s annual Money League for the club with the highest revenue • Manchester United surpasses Barcelona and Bayern Munich to move into second spot • List is dominated by English football with all 20 Premier League clubs in the world’s top 40. Can anybody stop Real Madrid, on the football pitch and off it? For the 10th year running, European champion, Real Madrid is the world’s richest club in the annual Football Money League published by accountants Deloitte, with a revenue of $639 million.
spot_img

Related Articles

Popular Categories

spot_imgspot_img