Published On: Mon, Aug 31st, 2015

New money transfer service for Kenyans abroad

Mobile money

Mobile money

NAIROBI, (CAJ News) – SIMBAPAY, the money transfer provider, has announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya.

Money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.

In addition, the recipient Choice Microfinance Bank accounts will be
credited instantly.

Victor Karanja, Head of Operations for SimbaPay, commented on the
partnership.

Our customers who already bank with Choice Microfinance Bank or have
friends & family using the bank will be glad to see their transfers being credited instantly Karanda said.

Stanley Kasyoka, Deputy Chief Executive Officer at Choice Microfinance
Bank added, We are very excited about this new partnership with
SimbaPay which is heavily engaged with the economic force that is Kenyans living abroad. Kenyans abroad are the country’s largest earner of foreign exchange today.

The SimbaPay app can be downloaded for free from the Apple or Android app stores.

Kenyans living in the UK with a bank account, debit card or credit card
are now able to use the SimbaPay app to make money transfers from any
mobile phone, tablet or computer. The service will be rolled out to
Kenyans living in other EU countries in the near future.

Choice Microfinance Bank a microfinance institution founded by Kenyans
abroad.

– CAJ News

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