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Australian FinTech mobile remittance pioneer mHITs has announced that its Australian mobile remittance service Rocket Remit has expanded its mobile money transfer service to include Zambia and Cote d’Ivoire

Receiving mobile money partner operators in Zambia include Airtel Money and in Cote d’Ivoire include MTN Money and Orange Money.

Rocket Remit specialises in international money transfer via mobile money offering the simplest method for sending money from Australia to emerging markets overseas.

Money transfer is instantaneous with funds directly credited to the recipient’s mobile money account without requiring a transfer agent or bank. No other transfer method or payment technology, including cryptocurrencies, can achieve this level of transaction speed and convenience.

The company stated that Rocket Remit provides the world’s fastest and simplest way to send money requiring only the mobile number of the recipient to address the payment. Recipients receive funds instantly and automatically receive an SMS notification as funds are immediately credited to their mobile money account in their local currency.

The recipient can access the funds instantly and securely from their mobile money account directly or depending upon their region, may also withdraw funds in cash via an agent or ATM.

Also known as digital remittances, mobile money transfer offers the lowest cost method for sending money to emerging markets where people rely on money from relatives and friends abroad.

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