SimbaPay, a leading digital money
transfer provider is partnering with Choice Microfinance Bank to bring
financial services to Kenyans living in United Kingdom and other European Union
countries, ITRealms reports.
Kenyans living in the UK with a bank
account, debit card or credit card are now able to use the SimbaPay app to make
money transfers from any mobile phone, tablet or computer. The service will be
rolled out to Kenyans living in other EU countries in the near future.
In the press release made available
to ITRealms, the Head, Operations, SimbaPay, Victor Karanja, “Our
customers who already bank with Choice Microfinance Bank or have friends and
family using the bank will be glad to see their transfers being credited
instantly”.
The Deputy CEO, Choice Microfinance
Bank, Stanley Kasyoka, added that “We are very excited about this new
partnership with SimbaPay which is heavily engaged with the economic force that
is Kenyans living abroad. Kenyans abroad are the country’s largest earner of
foreign exchange today”.
SimbaPay and Choice Microfinance
Bank, ITRealms gathered, announced the partnership on August 29, 2015 in
London at the annual “Kenya in the Park” event where they also exhibited the
service. The two companies jointly sponsored the event with other businesses targeting Kenyans
abroad. The event is an annual celebration of Kenya’s rich vibrant culture.
For ease of use, Choice Bank has
been pre-loaded on to the SimbaPay platform which eliminates the need for
customers having to remember the Choice Bank pay bill details. At the time of
making a money transfer using SimbaPay, customers will be required to select
the bank from a database of Pay Bill businesses and then enter the destination
account number and amount, ITRealms learnt.
SimbaPay also launched free, instant
transfers to all Nigerian banks in May 2015. In June it became the first
platform in the world to allow Kenyans living abroad to make M-Pesa Pay Bill
payments and continues to disrupt the cross-border remittance industry with its
focus on speed and convenience, ITRealms informs.
Cyriacus Nnaji/GEE
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