'China poised to become a leading 5G market'

China to
lead in 5G 

Deloitte offers
research, insight.

Saturday, Mar 23rd

More countries Burundi

WorldRemit mobile money receipt service in Burundi

WorldRemit launches in Burundi.

Global money transfer services provider WorldRemit has partnered with EcoCash service to launch instant mobile money transfers to Burundi, and claims it is the first global service provider to do so. 

According to the services provider customers in 50 countries can send money direct to EcoCash mobile wallets.

In a media statement WorldRemit says its mobile-to-mobile remittance service already enables people to send funds direct to Mobile Money wallets in countries across Africa, Asia and Oceania.

"Now the 350,000 Burundians who live abroad can make instant, low-cost money transfers direct to the mobiles of their friends and family in Burundi," the company claims, adding that the Econet EcoCash mobile wallet is available to two million feature phone and smartphone connections in Burundi.

"With only 7% of the adult population of Burundi population banked, there are now more mobile money accounts than bank accounts in Burundi," says WorldRemit.

The company refers to the World Bank as stating that remittances are estimated to have contributed US$51 million to Burundi's economy in 2014. This refers to the annual amount of money coming in, as per the World Bank's bilateral remittance matrix.

Western countries such as the US, Canada, the UK, France, Belgium, Sweden and Australia all have significant Burundian communities, the company says.

Alix Murphy, senior mobile analyst at WorldRemit comments: "93% of adults in Burundi are unbanked, severely limiting financial security, job prospects and economic freedom. Mobile Money services such as EcoCash enable people to access financial services through their mobile phones, making the 'unbanked' for the very first time the 'mobile banked'.

"Our partnership with EcoCash means that people will no longer have to send remittances through illegal channels or pay high fees for cash to be picked up at inconvenient agent locations. Burundians can now receive money transfers straight to their mobile phones, just like an instant message."

ALSO ON ITWEB AFRICA

Sage 300 manufacturing solution for Geiger & Klotzbucher Published on 12 March 2019

Geiger & Klotzbucher contacted AWCape to re-deploy Sage 300cloud, with successful end-result.

World's biggest Web host GoDaddy descends on SA Published on 13 March 2019

The Arizona-headquartered company officially launches in SA, and will take on the likes of Afrihost and MWeb.

How the Twoobii solution enables telephony services Published on 18 March 2019

The Twoobii solution was also specifically engineered to support the implementation of IP telephony services using VoIP technology. Q-KON offers a brief outline of what is required to implement the solution.

Automation, embedded AI drive the CFO's strategic value Published on 11 March 2019

Sarah George, ERP/EPM Cloud Applications Business Development Manager and Product Leader at Oracle says the time has come for CFOs to maximise their potential and shift their position to become more strategic.