Vodafone, one of the world’s largest mobile carriers, has announced its intention to provide international mobile money transfers in collaboration with Western Union.
The two companies will launch, as a pilot, a cross-border MMT (Mobile Money Transfer) service between the UK – Vodafone’s home country – and Kenya.
Together with Safaricom, a leading Kenyan operator (40% owned by the UK-based company), Vodafone and Western Union will allow users to send cross-border remittances via mobile phones in matter of minutes. The upcoming service will be based on M-PESA, a mobile money transfer service that’s already popular in Kenya.
As part of the pilot, only citizens visiting select Western Union agents from Reading, Berkshire, will be able to send money to Kenya. However, if the pilot turns out to be successful, Vodafone will launch full versions of the mobile money transfer service, in several other countries besides the UK and Kenya.
Via Press release
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