Zim Now Writer
Tanzania’s leading mobile money provider, Vodacom M-Pesa announced the expansion of its International Money Transfer (IMT) services which will include Zimbabwe.
The announcement was made at a campaign which was aimed at promoting M-Pesa as the currency of transactions for Africa with all African countries able to send money to Vodacom M-Pesa.
In his address, Vodacom M-Pesa Director Epimack Mbeteni highlighted that the company has leveraged on partnerships and innovation to grow internationally.
M-Pesa has been at the forefront in facilitating international remittances through IMT connecting over 200 countries.
It also provides financial services to millions of people who have mobile phones, but do not have bank accounts, or only have limited access to banking services.
“We pride ourselves for being enablers in the payment system by facilitating cross border trade within the region through efficient and seamless transfer of funds.
“International remittances make it possible for people and small businesses to stay connected irrespective of boundaries,” he said.
He also said that their services continue to transform lives through facilitating payments in education and health, as well as other various business segments.
Mbeteni also announced South Africa, Malawi, Lesotho, Mozambique, Swaziland the Democratic Republic of Congo (DRC) as part of the IMT expansion.
Tanzanian Foreign Affairs Minister Liberata Mulamula applauded the growth of the company and its ability to pave way for mobile money services in Africa.
“The entrance of mobile money in international remittance has not only improved ease of access but also reduced the cost of transfers bringing us closer to achieving the United Nations Sustainable Development Goal,” she said.
Vodacom M-Pesa started in 2014 connecting Kenya and expanded in 2019 through to East Africa. In 2021, the company added new features which enables Tanzanian customers to send remittances from M-Pesa to all bank accounts in Kenya, Uganda and Rwanda.
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