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Digital money transfer service WorldRemit and MTN Cote d’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote d’Ivoire

The WorldRemit app allows users to send overseas money transfers to any MTN Mobile Money wallet in Cote d’Ivoire. With this service, users in Cote d’Ivoire can now receive remittance payments on their phones or as cash at any of the 10,000 MTN money transfer agents in the country.

In a country where 85 per cent of adults lack bank accounts, the new initiative aims to play a vital role in supplying innovative and suitable financial services to the needs of the population. According to a statement by the company, the facility will allow Ivorians to securely store, send and receive money, pay for electricity and other bills, set up a savings account and access a range of other financial products, with just their phones.

WorldRemit cofounder and COO Catherine Wines said, “Remittances are central to the lives of the Ivorian diaspora and the people they support back home. With Mobile Money, powered by MTN, increasingly becoming the norm in Cote d’Ivoire, WorldRemit and MTN are now giving Ivorians the security and convenience of receiving remittances on their phones as well.”

WorldRemit provides digital remittance services worldwide, across 33 different services in 24 countries in Europe, Africa, Asia and the Pacific. MTN Mobile Money is one of the largest Mobile Money services in West Africa with more than three million accounts and 10,000 point of sale network, the company statement said.

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