Thursday, 29 October 2009

Kenya: Forex remittances via mobile phones

Kenyans can now receive remittances from family and friends in the United Kingdom via their mobile phones through a service called M-PESA. This follows a successful pilot project with selected outlets in the UK over the last three months.
mobile phone

The international component of M-PESA makes Safaricom the first telecom company to offer a mobile based international money transfer service. The pilot according to engaged three agents - Western Union, Provident Capital Transfers and KenTv.

A total of 19 outlets were carefully selected to cover areas with relatively high number of Kenyans, including Reading, London, Luton, Wembley and Glasgow, the report said. Read more


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