Leading digital money transfer service WorldRemit has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad. The new service increases convenience for money transfer recipients in urban and rural areas of Tanzania as they can receive international money transfers directly to their phones, without the need for a bank account or internet connection.
Using the WorldRemit app, Tanzanians living abroad in over 50 countries, including the US, UK and Canada, can send money home 24/7 in just a few taps. This saves customers time and money as they do not have to travel to a traditional money transfer agent and pay expensive fees to send money home in cash.
Vodacom M-Pesa customers can now...
2014 marks the first time that UK ‘non-cash’ payments outnumbered cash payments, in a total of 18 billion transactions. In its report, the UK Payments Council analyzed how cash was used by consumers in 2014 and how it could evolve in the next ten years.
All in all, cashless payments in the UK continued their steady albeit slow rise in 2014, with 52% of all payments made via mobiles, the Internet or through debit cards and cheques.
With Scandanavian countries, the UK is one of Europe’s fastest cashless growing societies while the rest of the EU tries (or not) to play catch up. Always at the forefront of innovative payment services, the UK has, for instance, introduced contactless payments already in 2007. Initially limited at £10, the contactless payment service was recently bumped up to £3
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