Huawei partners WorldRemit in digital mobile money transfer deal for Africa

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A hostess holds Huawei's new P10 Plus device after its presentation ceremony at Mobile World Congress in Barcelona, Spain, February 26, 2017. REUTERS/Paul Hanna

JOHANNESBURG (Reuters) – Digital money transfer service WorldRemit has partnered with Chinese smartphone maker Huawei to enable the international transfer of money across Huawei’s mobile services in Africa, the companies said on Tuesday.

Mobile money services that allow customers to transfer funds using their phones have proved hugely popular in parts of Africa, particularly where people have less access to traditional bank accounts.

“International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” David Chen, Vice-President of Huawei Southern Africa, said in a statement.

Safaricom’s mobile phone-based financial service M-Pesa in east Africa has already seen success in this market.

The partnership will allow London-based WorldRemit to connect to over 100 million mobile accounts currently using Huawei’s platform, which delivers basic banking transactions through its mobile money offerings on smartphones and basic handsets.

The deal will reduce the barrier of technical integrations with new mobile money operators to offer international remittances for mobile network operators to enable all Huawei partners to swiftly switch on this service, WorldRemit and Huawei said.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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