Tigo launches cross-border mobile money remittance service

The new service allows Tigo subscribers in Tanzania to send money from their Tigo Pesa accounts to Tigo Cash subscribers in Rwanda and vice versa. The system integrates currency conversion, whereby money is sent in either TZS or RWF and delivered already converted into in the currency of the recipient’s country.

Once the remittance is received, customers can use the funds to access all the services that Tigo Mobile Financial Services offer. These include airtime top ups, payments for water, electricity, TV and transportation, transfers to bank accounts, cash withdrawals at Tigo agents across the country, and transfers to other mobile money users.

The new service is set to leverage businesses with cross-border trade, diaspora families, truck drivers, importers and exporters from both countries.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement 

Copyright