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East Africa’s Major Telcos Partner To Enhance Seamless Cross-border Money Transfer
Tigo Tanzania has launched a service to allow Tigo Pesa customers to send and receive cash on their mobile money…
Tigo Tanzania has launched a service to allow Tigo Pesa customers to send and receive cash on their mobile money wallets from M-PESA in Kenya, MTN in Uganda and MTN and Airtel in Rwanda.
In a partnership between Safaricom, MTN, Airtel and Tigo Tanzania, customers will now be able to undertake cross border financial transactions within East Africa with ease in a move to grow transactions for cross-border remittance users.
Tigo Tanzania’s Acting Chief Officer, Angelica Pesha said: ”This new service between the 4 countries further cements how Tigo adapts to its customers’ needs with digital solutions and it also means that the benefits of mobile money can be extended to cross-border trade, allowing businesses and families to transfer money quickly and securely in East Africa. This partnership further cements our position as a provider of choice for Mobile financial services and we believe this venture will increase the number of transactions for cross-border remittance users.”
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Pesha further explained that to send money to the different services, Tigo Pesa customers can dial *150*01# on their mobile phones, select send money, send out of the country,select either Kenya,Uganda or Rwanda.
MTN Uganda that recently pioneered in the delivery of a wide range of financial services such as micro savings, loans, insurance and merchant payments through MoMoPay,
assured customers through its General Manager, Stephen Mutana, that the partnership was part of a commitment to offer an easy and seamless transfer of funds across borders using their Airtel Money Wallets.
”To be able to make our wide network available to customers across the East African region, this is testimony of our continued drive to extend affordable, reliable, secure financial services to not only our customers in Uganda, but to all people in the region,” said Mutana.
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While receiving Money from Tigo Tanzania is free, to send Money to Tigo Tanzania, Airtel Money customer dials *500*1*3# and follows the prompts, ” said Jidia Gasana from Airtel Rwanda.
To send money to the different services, M-PESA customers can dial *840# on their mobile phones or through mySafaricom App by selecting the “M-PESA Global” option under “M-PESA” then selecting “Send”.