Mastercard affiliate, HomeSend and Azimo enters Nigerian mobile money sector
HomeSend, a joint venture created by MasterCard, eServGlobal and BICS and Azimo, a London-based online money transfer service, have announced the launch of new mobile wallet services in Nigeria.
The partner companies to the new mobile money service say it will extend to nine other countries in Africa and Asia-Pacific under an ambitious plan to reach millions of mobile money subscribers.
Azimo customers in 20 European countries are now be able to send funds to mobile money accounts of loved ones in Nigeria, Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, the Philippines and Somaliland, the company announced.
[blockquote right=”pull-right” cite=”World Bank”]“The World Bank estimates that global remittance market will continue to grow this year to a projected total of $586 billion, underscoring the demand for people to have access to safe and secure ways to send and receive funds.” [/blockquote]