UK fintech Revolut is extending its coverage of its mobile wallet feature to Africa by partnering with several localised platforms.
With an aim to streamline international payment transfers from Europe to Africa, Revolut’s mobile wallet will cover 14 new payment corridors, nine new countries and three digital wallets; Airtel, Orange Money and MTN.
Orange Money connects with Revolut to help its customers in Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar and Sierra Leone. Airtel will provide the service in Congo, Gabon, Malawi and Zambia, whilst MTN will provide additional coverage in the aforementioned countries.
Revolut’s mobile wallet aims to offer low-friction and intuitive payment processing when users send money abroad. This is enabled via the recipients ID to help reduce the risk associated with traditional payments in favour of mobile payments, which are proving to be increasingly popular in Africa.
This is why Revolut’s entry into a plethora of African markets comes timely to meet these demands. Users can send money to-and-from European markets seamlessly through the three local providers.
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.”
Whilst extending its services across Africa through its mobile wallet feature, Revolut stated it plans to add more wallet routes in the coming months.
Mobile wallets offer an alternative method to transfer money across continents, with Revolut’s offering aiming to “redefine remittances” by being accessible to those who need to send money to loved ones the most.
