Cellulant, Africa’s leading payment solutions provider, has partnered with Dubai-based fintech solutions company, Money Q, to make it easier for Africans living abroad to support their families back home. This collaboration will enable expatriates to pay for bills and recharge airtime for their beneficiaries across Africa through KrosPayz, Money Q’s Africa-wide digital payments platform.
Mobile remittances have the potential to bring millions of people into the formal financial system, providing them with access to financial services and revenue generation opportunities in their communities. However, despite the growth of Sub-Saharan African remittances, only a small percentage of these transactions are made through digital channels. This partnership aims to change that by making remittances quicker and less expensive through digital technologies.
The KrosPayz digital wallet is set to launch in Malawi in April and will allow customers to pay for utility bill payments, airtime recharge, and domestic fund transfers, as well as making purchases via QR code. This will give customers access to a range of services through a single digital platform, making it easier for them to support their families back home.
This partnership is a significant step towards achieving Money Q’s goal of ensuring that no African is deprived of using digital channels on the continent. The collaboration between Cellulant and Money Q will complement each other in growing their market share in Africa and reinforce Cellulant’s commitment to enabling businesses, banks, and consumers to make fast and efficient payments across Africa.
The partnership between Cellulant and Money Q has the potential to revolutionize the way Africans living abroad support their families back home. With the launch of the KrosPayz digital wallet, customers will have access to a range of services through a single platform, making it easier and more convenient for them to support their loved ones. This partnership underscores the importance of digital technologies in bringing financial services to communities and creating opportunities for revenue generation.
