Revolut Bridges Europe and Africa with New Mobile Wallet Payment Routes

Revolut, the global financial app with over 40 million customers, has expanded its Mobile Wallets feature to include 14 new payment corridors across nine African countries using three digital wallets.

After enabling customers in the UK and most European countries (EEA) to send money to Bangladesh (bKash) and Kenya (M-Pesa), now Revolut boosts its portfolio with payment corridors between Europe and Africa (Airtel, Orange Money, MTN).

Customers can send money to African countries: with Orange Money to Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar and Sierra Leone, with Airtel Money to Congo, Gabon, Madagascar, Malawi and Zambia and with MTN to Guinea-Bissau, Côte D’Ivoire, Congo as well as Zambia.

African countries heavily rely on Mobile Wallets for various transactions, according to Revolut, with plans to add more wallet routes in the coming months.

Samuel Fairburn, product owner for remittances at Revolut, said: “Sending money home to Africa is a challenge many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers”

“By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”

Mobile Wallets offer an additional way to send money abroad quickly and with a similar price structure as Revolut bank transfers. Users send money abroad quickly using only recipient IDs such as their name alongside their phone number or email addresses.

The post Revolut Bridges Europe and Africa with New Mobile Wallet Payment Routes appeared first on The Fintech Times.

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