Nium assists customers to remit funds into four major African markets

Tuesday 9 March 2021 10:57 CET | News

Nium, a global payments platform, has announced that its clients are able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania.

Customers of Nium are also able to extend this service to their own consumers. This announcement comes after the news of the company’s expansion plans into Africa at the tail end of 2020. Nium’s money transfer functionalities in Africa will allow clients the ability to send money to Kenya, South Africa, Ghana, and Tanzania via bank transfers (same day or next day delivery) and mobile money wallets in real-time.

Furthermore, clients will have access to 14+ mobile money wallets in these countries, including M-Pesa, Airtel, MTN, Vodacom. All funds transferred into the four countries can be initiated in any of the 40+ source currencies currently offered through Nium’s Send service and recipients will receive the payout in their local currency (KES, ZAR, GH₵,TSH).

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: mobile money, money transfer, remittances, e-wallet
Categories: Payments & Commerce | Mobile Payments
Countries: Africa
This article is part of category

Payments & Commerce