In an era of digital globalization, sending money digitally is becoming convenient. In a first of its kind, all M-PESA customers can now send money to almost any individual across the world through a variety of channels including directly into their bank accounts, and for pick up at more than 500,000 Western Union agent locations.
This is after Safaricom Plc unveiled M-PESA Global on Tuesday allowing customers to make and receive payments from more than 200 million PayPal customers from 200 markets across the world.
“M-PESA Global seeks to connect Kenyans to opportunities by making it easy and seamless for them to transact with the world and for the world to transact with Kenyans,” said Sitoyo Lopokoiyit, Chief Financial Services Officer, Safaricom.
“M-PESA Global similarly empowers Kenyan entrepreneurs to instantly access opportunities anywhere in the world. It allows you to focus on what matters. It takes away the hassle of grappling with where to find forex.” said Sylvia Mulinge during the launch.
Western Union Global Money Transfer President Odilon Almeida said , “It will become a model for opening a world of global connectivity and economic opportunity for emerging as well as developed economies.”
Customers can access the new service by dialling *840# or by selecting “M-PESA Global” under the M-PESA menu on mySafaricomApp.
Transfers through bank accounts to the United Arab Emirates, the United Kingdom, and Germany will also be available immediately, with services to bank accounts in other countries being rolled out in the coming weeks.
M-PESA Global partners available on the platform include World Remit and HomeSend.