ICT solutions provider, Huawei, has announced a partnership with Xpress Money, a money transfer brands, to drive mobile money services to more of the worlds unbanked, with a focus placed on the African market.
The partnership will give the remittance firm access to Huawei’s mobile money service platform, which has over 100 million mobile money accounts globally.
Huawei’s mobile money services platform delivers basic banking transactions in developing countries. The technology is not restricted, and because it works on both smartphones and basic handsets, it has been particularly successful in developing markets.
“With Xpress Money’s strong customer base, we’re excited to see how this partnership will benefit our mobile money users across Africa to provide a more convenient and cheaper remittance service,” said David Chen, Director of Marketing & Solution Sales Huawei Southern Africa Region.
Recipients of Xpress Money remittances can use the service to make online and offline payments, pay for essential services such as utilities and school fees, as well as financial services like loan applications, insurance and banking.
By growing Xpress Money’s mobile money footprint and strengthening Huawei’s international reach, this partnership will help reduce the cost of remittance services and drive financial inclusion for millions of mobile money users in Africa, according to Huawei.
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