Western Union launches mobile money transfer service

Western Union launches mobile money transfer service

Western Union has announced that they are now collaborating with Vodafone Group to launch mobile money transfer service.

This service would be tested by customers who would be able to transfer money to Kenya from Britain.

They would be able to transfer the funds to subscribers of Kenyan cell carrier Safaricom.

Vodafone is one of the stake holders in Safaricom.

Nick Hughes, Vodafone’s head of international mobile payments spoke about this initiative: “The successful take-up of M-Pesa in Kenya has clearly demonstrated the demand for easily accessible, secure cash payment services in emerging markets. Our partnership with Western Union allows M-Pesa subscribers to receive international remittances and builds on the demand we have already seen domestically in Kenya.”