WorldRemit, Wizall Money to launch mobile money transfer service to Senegal

Wednesday 29 January 2020 15:06 CET | News

Online money transfer company WorldRemit has joined forces with Wizall Money to launch its first mobile money transfer service to Senegal.

WorldRemit aims to save the Senegalese community living abroad time and money, as they do not have to visit a traditional money transfer agent and pay fees to send money home. Instead, using the WorldRemit app or website, they can send funds online 24/7.

The new partnership with Wizall Money enables WorldRemit customers in over 50 countries, including France, Spain, and the US, to send money home instantly to over 60,000 mobile money accounts in Senegal. Recipients can then store their funds, pay for bills, or pay for goods in shops directly from their Wizall Money account.

In addition to the new mobile money service, WorldRemit also offers bank transfer, cash pickup, and mobile airtime top-up services to Senegal, so customers can choose the pay-out option that suits their receiver best.

Estimates suggest that the Senegalese diaspora community is almost 560,000-people strong, and the money they send home makes a huge difference to the lives of thousands of families. Senegal is estimated to have received almost USD 2.5 billion in remittances in 2019, accounting for 10% of the country’s GDP, according to the press release.

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Keywords: Senegal, online money transfer, WorldRemit, partnership, Wizall Money, mobile money service
Categories: Payments & Commerce
Countries: Senegal
This article is part of category

Payments & Commerce