This archive report was first published on 6 July 2020.
On July 6, 2020, Vodacom Tanzania's leading mobile money service provider, M-Pesa, announced the expansion of its International Money Transfer service portfolio, enabling customers to easily transfer and receive funds from individuals across more than 200 countries worldwide.
Speaking at an international day of family remittances event in Dar es Salaam, Assistant Manager, Oversight and Policy at Directorate of National Payment Systems from Bank of Tanzania (BOT) Albert Cesari highlighted the national bank's measures to provide relief and ensure continuity of services amidst COVID-19, including increased limits on digital transactions and reviewed balances of mobile wallets.
According to Vodacom Tanzania PLC Managing Director Hisham Hendi, international remittances make it possible for people and small businesses to stay connected, regardless of geography, and continue to transform the lives of thousands of Tanzanians through facilitating payments in education, health, and various business segments.
"We pride ourselves for being enablers in the payment system by facilitating cross-border trade within the region for the efficient and seamless sending and receiving of funds, from anywhere around the globe through M-Pesa International Money Transfer Service," Hendi said.
With a broadened portfolio of partnerships and countries, Vodacom M-Pesa has widened its Money transfer service worldwide, including partnerships with MoneyGram, WorldRemit, Remitly, and JubaExpress, which enable customers to receive money from over 200 countries directly into their M-Pesa wallet.
"With such a huge portfolio of international Money transfer partners, the world is a village with M-Pesa. We thank our customers for their patronage and we remain committed to deliver on our vision to lead Tanzania into the digital age and change lives through technology," Hendi concluded.
According to World Bank Figures, Tanzania's recent remittances stood at $430 million, an increase of $25 million from 2019, representing 0.8 percent of the country's GDP.
