March 28, 2017 IBOMLLC Team

Kenyans abroad are the biggest senders of mobile to mobile remittances

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of innovative technology, even when abroad

To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts.

Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of innovative technology, even when abroad.

Mobile money has played a key role in the growth of WorldRemit’s Kenyan customer base, attracted by the low price, speed and convenience of sending instant remittances from the app or website directly to a mobile phone in Kenya.

In January 2017, WorldRemit customers transferred more than $140m (at annualized rate) to Kenya, making WorldRemit one of the largest remittance companies serving the Kenyan diaspora.

Top remittance-sending countries are the UK, Australia, US, Germany, Canada and Nordic countries.

Around three million Kenyans live abroad, with large communities in North America, Europe and Australia.

Remittances play an important role in Kenya’s economy …read more

Read more here:: Kenyans abroad are the biggest senders of mobile to mobile remittances

      

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