- Over 200 countries can send and receive money via Vodacom’s
- The mobile Money services continues to drive economic growth and financial
inclusion in Africa.
Dar es Salaam,
Tanzania – EQS Newswire – 7 July
2020 – Tanzania’s leading mobile money service provider – Vodacom
M-Pesa – has announced the expansion of its International Money Transfer
service portfolio. Vodacom customers will now have the option and ability to
easily transfer and receive funds from individuals across more than 200
Download Image: Assistant
Manager, Oversight and Policy at Directorate of National Payment Systems from
Bank of Tanzania, Albert Cesari (centre), in a group photo with Vodacom
Tanzania Executive Committee members including WorldRemit Tanzania Country
Director Cynthia Ponera (second left) during International day of family remittances
event held in Dar es Salaam
This was said recently at an
international day of family remittances event held in Dar es Salaam where
stakeholders met to deliberate on the future of International Remittance post
Speaking during a panel discussion
on the same, Assistant Manager, Oversight and Policy at Directorate of National
Payment Systems from Bank of Tanzania (BOT) Albert Cezari said the national
bank has increased limits on digital transactions and reviewed balances of
mobile wallets in a bid to provide relief and ensure continuity of services as
part of measures taken amidst COVID-19.
On his part, Vodacom Tanzania PLC
Managing Director Mr. Hisham Hendi, said that international remittances make
possible people and small businesses to stay connected irrespective of
geography. He further pointed out that international remittances continue to
transform the lives of thousands of Tanzanians through facilitating payments in
education, health, and various business segments which is why Vodacom M-Pesa has
aimed to continue providing a platform for Tanzanian diaspora to effectively
participate in socio-economic activities which will contribute to the overall
development of the country.
“We pride ourselves for being
enablers in the payment system by facilitating cross border trade within the
region for the efficient and seamless sending and receiving of funds, from
anywhere around the globe through M-Pesa International Money Transfer Service.’
Vodacom M-Pesa has broadened its
portfolio of partnerships and countries over the past few months to widen its
Money transfer service worldwide. At the global stage, partners include
MoneyGram, WorldRemit, Remitly and JubaExpress, all of whom enable customers to
receive money from over 200 countries across the World directly into their
Pan African partnerships include
Safaricom, MTN, EcoCash and Mama Money, which enable customers to send or
receive money from Kenya, Uganda, Zambia, Burundi and South Africa.
‘With such a huge portfolio of
international Money transfer partners, the world is a village with M-Pesa. We
thank our customers for their patronage and we remain committed to deliver on
our vision to lead Tanzania into the digital age and change lives through
technology” He concluded.
Peter De Caluwe, CEO- Thunes praised
the move saying such partnerships and innovations support the true African
spirit because African countries have always been connected through daily
movement of people, goods and services. International Money Transfer services
are critical to the African economies as they facilitate inflow of foreign
currency into these countries which has a direct bearing on the social and
economic welfare of Africans”.
“Whilst the importance of
mobile payments to financial inclusion in developing markets cannot be
overstressed, the M-Pesa IMT service goes an extra mile by allowing previously
excluded to send and receive money across borders affordably. Thus our
partnership with Vodacom M-Pesa aims at increasing the reach of international
According to World Bank Figures,
Tanzania recent remittances stood at $430 million, an increase of $25 million
from 2019. The sum represents 0.8 percent of the country’s GDP.
The issuer is solely responsible for
the content of this announcement.
About Vodacom Tanzania:
Vodacom Tanzania Plc is the
country’s leading mobile operator and mobile financial services provider. We
provide a wide range of communication services for consumers and enterprise –
including voice, data and messaging, video, cloud and hosting, mobile solutions
and financial services – to over 15 million customers. Vodacom Tanzania Plc and
its subsidiary companies are part of the Vodacom Group registered in South
Africa, which is in turn, owned by Vodacom Group Plc of the United Kingdom. It
has been registered on the Dar es Salaam Stock Exchange (DSE) with registration
number ISIN: TZ1886102715 Stock name: VODA.
For further information, please
visit our website: www.vodacom.co.tz
About Vodacom M-Pesa Tanzania
Vodacom M-Pesa is Tanzania’s largest
mobile financial service introduced by Vodacom Tanzania PLC in 2008. Now GSMA
certified and with over 10 million customers, M-Pesa has significantly
contributed towards financial inclusion and economic activity in the country.
Customers deposit and withdraw money from their M-Pesa wallets through over
200,000 agents across the country. The M-Pesa ecosystem connects businesses,
banks and government agencies making digital payments possible.
To date, M-Pesa continues to be the
market leader in mobile financial services, rolling out innovative services
such as savings & Loans, Virtual Debit cards, Overdraft services, Group
savings, E-payments and many more, which address the real needs of Tanzanian
thereby enhancing financial inclusion and deepening.