Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China.
The transfer is through WeChat – a service that will help boost Kenya-China trade.
Over seven million customers and businesses in Kenya will now access SimbaPay’s international money transfer service to send money to China’s WeChat Pay from Family Bank’s PesaPap mobile banking application and USSD service.
Non-customers too will enjoy the service via a dedicated PayBill number 261059 on MPESA.
With over 1 billion subscribers, WeChat is the largest payment and social media app in China.
This initiative therefore connects Africa’s largest mobile money ecosystem to China’s largest payment service in real-time.
“This is a huge milestone for us and our customers. We are glad to extend, more so to our SME customers, a solution that offers an instant,…
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