In Kenya, you cannot do business smoothly if you are not on M-Pesa. It is the preferred mode of payment for most small-scale traders; who make the bulk of businesses in the country. With the recent growing trade ties between Kenya and the Asian dragon – China – local traders in Kenya were forced to adopt a more traditional channel of payments that works through banks.
As it works out, when trading with international wholesalers, retailers, and customers from China, the local traders to turn to conventional banking services. When trading with local wholesalers, retailers, and customers they had to revert back to M-Pesa.
well, a local bank – Family Bank Ltd. – has partnered with a London-based fintech firm SimbaPay to enable M-Pesa users locally to send money directly to the over one billion active users of WeChat in China. [WeChat is a payment and social media app. Just think of it as WhatsApp, but one that also enables you to send and receive money from your contacts]
How to send money from M-Pesa to WeChat
For Kenyans looking to send money to their Chinese counterpart, they will …read more