SIMBAPAY EXPANDS AFRICA REMITTANCE SERVICE TO MORE EU COUNTRIES

Africans living in these EU countries will now be able to send money back home instantly and free of charge
LONDON, United Kingdom, February 29, 2016/ -- SimbaPay (www.SimbaPay.com), a leading digital money transfer provider, has expanded its instant Africa money transfer service to 5 new EU countries. The new countries are France, Germany, Ireland, Italy and Spain. This follows a pilot that has been running for 3 months in the new EU countries.

Africans living in these EU countries will now be able to send money back home instantly and free of charge. Money transferred via the service to Africa is credited instantly at the destination mobile money wallet, merchant or bank account.

According to Nyasinga Onyancha, CEO for SimbaPay “Our goal of connecting all Africans living abroad to any Mobile Money wallet or Bank Account in Africa just moved one step closer.” He also expressed that “We’re quite pleased to deliver this to Africans in the EU and partner banks in Africa that have been requesting we expand the service to these new territories”.

Future Countries

SimbaPay will be expanding to another 6 countries by the end of March 2016.

According to the World Bank, Africans abroad currently send home an estimated $64 billion annually which is more than double the $30 billion that it receives in Foreign Aid.

How the Service Works

To send money via SimbaPay, Africans living in the EU with a bank account or debit card simply need to download the SimbaPay app from the Apple AppStore or Google Play and proceed to make money transfers straight from any mobile phone, tablet or computer.

Apart from sending money direct to mobile money services such as M-Pesa, customers can also send money to bank accounts in Africa and to Pay Bill merchants such as schools, utility companies, etc.

Accolades

In 2015, SimbaPay was named the Overall Winner at the prestigious Demo Africa 2015 (http://www.apo.af/uzeMNb). SimbaPay was also nominated as finalist in the Best FinTech Innovation category at the annual Apps Africa Innovation awards(http://www.apo.af/ITExrW).

SimbaPay also launched free, instant transfers to all Nigerian banks last year. In June 2015 it became the first platform in the world to allow Kenyans living abroad make M-Pesa PayBill payments and continues to disrupt the cross-border remittance industry with its focus on extreme speed and convenience.

The SimbaPay app can be downloaded for free from the Apple or Android app stores.
Visit http://www.SimbaPay.com for more information.


Distributed by APO (African Press Organization) on behalf of SimbaPay.

About SimbaPay

SimbaPay (www.SimbaPay.com) is an award winning (http://www.apo.af/uzeMNb) mobile app transforming the international remittance space. With a focus on breakneck speed, convenience and constant innovation, users are able to send money free to loved ones or even merchants in Africa, from wherever they are at any time of day or night.


The company is headquartered in London and can be found online at www.SimbaPay.com .
Blog post: http://blog.simbapay.com/2016/02/29/simbapay-expands-africa-remittance-service-to-more-eu-countries/

Twitter: @SimbaPay https://twitter.com/SimbaPay
Facebook: https://www.facebook.com/SimbaPay

To learn more about this announcement, please contact:

SimbaPay:
Alex Maganga
Email: alex@SimbaPay.com
info@SimbaPay.com
Tel: +44 (0)20 3137 8517
Address: Google Campus , 4-5 Bonhill Street, London, EC2A 4BX

Additional Media

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http://www.simbapay.com/images/SimbaPay_logo4_press.pdf

SOURCE
SimbaPay