Revolut has extended its international transfers feature Mobile Wallets with 14 new payment corridors, 9 new countries and 3 digital wallets: Airtel, Orange Money and MTN. The company is looking to build strong economic ties between Europe and Africa.
Revolut enables customers in the UK and most European countries (EEA) to send money quickly and easily to African countries: with Orange Money to Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar and Sierra Leone, with Airtel Money to Congo, Gabon, Madagascar, Malawi and Zambia and with MTN to Guinea-Bissau, Côte D’Ivoire, Congo and Zambia.
Mobile Wallets change the remittance experiences by offering a low-friction, intuitive process. Users send money abroad quickly using only recipient IDs such as their name alongside their phone number or email addresses. Mobile Wallets reduce potential risks associated with some traditional payment methods such as money being sent to the wrong account details or money being stuck with banks.
Now, Revolut customers in the UK and most European countries (EEA) can use Mobile Wallets to send money to 4 different wallets (M-Pesa, Airtel, Orange Money, MTN) used across 10 countries in Africa.
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Revolut plans to add more wallet routes in the coming months
African countries heavily rely on Mobile Wallets for various transactions, making Revolut’s entry into these big markets timely. Customers can now send money to Orange Money, Airtel and MTN directly from their Revolut app, offering a handy mobile payment option for expats and international students living abroad.
Samuel Fairburn, Product Owner for Remittances at Revolut, said: “We’re delighted to launch Mobile Wallets so that Revolut customers can send money in a flash. Sending money home to Africa is a challenge many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers”
“By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”
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