GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Technology

 
  Share

Mobile money collaboration set to drive financial inclusion for Africa's unbanked

Dubai, UAE, December 14, 2017:  Xpress Money, one of the world's most dependable money transfer brands, has joined forces with ICT Company Huawei to drive mobile money services to more of the worlds unbanked, especially in Africa. 
The partnership will give the globally respected remittance firm access to Huawei's mobile money service platform, which has over 100 million mobile money accounts globally.

Huawei's mobile money services platform delivers basic banking transactions in developing countries. The technology is not restricted, and because it works on both smartphones and basic handsets, it has been particularly successful in developing markets.
Recipients of Xpress Money remittances can use the service to make online and offline payments, pay for essential services such as utilities and school fees, as well as financial services like loan applications, insurance and banking. 
In 2016 the World Bank reported that two billion people across the globe had no access to formal Financial Services. This has resulted in mobile money fast becoming a safer alternative to cash. 

“At Huawei, we want to bring the best remittance services to our network partners and their customers. Africa is a key market in the mobile money industry and it's imperative we give our customers here access to the best services,” said David Chen, Director of Marketing & Solution Sales Huawei Southern Africa Region. 

“For those that have limited access to formal banking services, mobile money is a critical technology. There are over 500 million mobile money accounts currently in use, and with Huawei servicing over 100 million of these, we're confident this collaboration will improve the state of financial services for Africa's unbanked,” said Sudhesh Giriyan, Chief Operating Officer of Xpress Money.
By growing Xpress Money's mobile money footprint and strengthening Huawei's international reach, this partnership will help reduce the cost of remittance services and drive financial inclusion for millions of mobile money users in Africa. 

Xpress Money' has a global presence in more than 165 countries across 200,000 agent locations providing simple, fast and secure money transfer solutions to thousands of customers, every day. 

Huawei's mobile money partners in Africa include Safaricom, Vodafone, Vodacom and Teasy Mobile in ten African countries; these include big markets like Kenya, Ghana, Nigeria and Zimbabwe.   

“With Xpress Money's strong customer base, we're excited to see how this partnership will benefit our mobile money users across Africa to provide a more convenient and cheaper remittance service,” concluded Chen.  

 



Posted by : GoDubai Editorial Team
Viewed 8284 times
Posted on : Thursday, December 14, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : du Introduces Students to the Importance of Cyber Safety in the UAE
Next Story : Keep Your Memories Safe Effortlessly This Festive Season with Western Digital's Latest Storage Techn...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
D1 Milano Launches Exlcusive Limited Edition Collection –The Khaleeji
The Incredible Power of the Mushroom!
Beware of Cheap Beauty Deals: They May End Up Being More Costly
GaGà Milano unveils six extra-special watches to celebrate Neymar's genius
8 Jours Grande Taille - a new avatar on iconic timepiece
Carl F. Bucherer Celebrates Its Anniversary With the Heritage Tourbillon Double ...
Tissot Lady Heart Flower Powermatic 80
Get Ready for The Festive Season with The Body Shop's Enchanted by Nature Gift C...
Sukin's Top Holiday Picks for a Supple-Skin Winter Season
Switch your hair colour safely for the new season with Rahua's Color Full range
Omega Raises Its Warranty On All Watches to 5 Years
Everyday care for your baby's hair with Fifi & Friends!
Bringing you warmth and shine this festive season
Season's Greetings 2018
Twelve Holiday Gifts for the Beauty-Obsessed Woman
The Smile Bar Opens Its First Store in the UAE
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style
Purely Pandora Classics With a Twist
#MKGO Bold: Michael Kors Unveils Bold New Arrivals
Triumphant First Daman Dxb Swimfest at Jumeirah Beach Hotel
New 1948 Seamaster Watches Join the Ranks
Festive Gifting Guide
Indulge Your Love for Animal Print with M&S
Alina Anwar Couture Launches in UAE
Must-have festive Christmas jumpers and tees for the whole family
Add a festive sparkle to your eyes with Palladio Beauty
Parah dedicates its Fall/Winter 2018/19 collection to femininity
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Starbucks announces the return of festive favourites
National Geographic Launches Mars 2 into Orbit with Season 2 Premiering Nov 15 ...
Give an abandoned or neglected cat their forever home at Kittysnip's adoption da...
Land Rover Supports Red Cross Disaster Projects Worldwide
Tryano Launches Elemis
The new BMW 8 Series Convertible.
‘Celebrate 2019 Now' with special deals from Al-Futtaim Toyota
Sprint for a Great Cause at Al Maha
Etihad Airways Launches Model Diary of Xiaowen at China International Import Expo
EDCC organizes largest UAE Pavilion at debut SNSR in Saudi Arabia
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Unilever MENA calls for collective action as it's revealed that 54% of consumers...
Introducing the GUESS Holiday 2018 Collection
The Sharjah Stamp Exhibition celebrates the Year of Zayed
Presenting Katrina Kaif in her hottest desi avatar as Suraiyya in Thugs of Hindostan
Emirates Steel signs new long-term iron ore pellet supply deal with Vale
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Bharat Thakur Artistic Yoga's Flagship Studio opens in Burjuman.
Superhero Color Runners Prove We Are All Unstoppable!
Top five new things to do at Golden Mile Galleria this season
IKEA Promises 25 Years of Quality Guarantee