imbaPay a digital money transfer provider has expanded its instant Africa money transfer service to 5 new EU countries.
The new countries are France, Germany, Ireland, Italy and Spain. This follows a pilot that has been running for 3 months in the new EU countries.
Africans living in these EU countries will now be able to send money back home instantly and free of charge. Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, merchant or bank account.
“Our goal of connecting all Africans living abroad to any Mobile Money wallet or Bank Account in Africa just moved one step closer,” said Nyasinga Onyancha, CEO for SimbaPay.
He also expressed that “We’re quite pleased to deliver this to Africans in the EU and partner banks in Africa that have been requesting we expand the service to these new territories.”
SimbaPay will be expanding to another 6 countries by the end of March 2016.
According to the World Bank, Africans abroad currently send home an estimated $64 billion annually which is more than double the $30 billion that it receives in Foreign Aid.
