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sawsanenn

Prime Bank, SimbaPay to launch international money transfer service - ThePaypers - 0 views

thepaypers.com/...oney-transfer-service--1245614

FinTech E-payments Kenya

shared by sawsanenn on 13 Feb 21 - No Cached
  • Through the digital platforms, Prime Bank aims to make available a one stop solution to its customers in terms of funds transfer. With the inclusion of SimbaPay, the customers will be able to send money to friends and family across the world using their mobile phones.
    • ghtazi
      ghtazi on 13 Feb 21
       
      it is very smart from simbapay to allow people, even those that are unbanked, to do send money to friends and family. If you have a smart phone the App is for you.
  • Kenya-based Prime Bank has partnered with UK-based FinTech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.Through SimbaPay, Prime Bank customers will be able to send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China, Germany, and Uganda, among others.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the partnership between Prime Bank and SimbaPay, which is intended to facilitate international money transfer through a digital platform PrimeMobi. Over 15 countries all over the world are expected to benefit from the ability to send money to either mobile wallets or bank accounts.
  • To access the service, customers will need to login to the bank’s mobile banking app – PrimeMobi, then click on International Money Transfer icon on the homescreen. After confirming the amount to be sent, the sender’s bank account will be debited, and money credited to the beneficiary instantly.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows how simbapay works and the procedure for customers who want to join the app. It is thoughtful from their side to make it easy for everybody
ayachehbouni

Kenyan bank launches mobile payments service | ALB Article - 1 views

iclg.com/...unches-mobile-payments-service

shared by ayachehbouni on 13 Feb 21 - No Cached
  • The service will allow customers to send money to bank accounts and mobile wallets in 15 countries, including Uganda, the United Kingdom, India, China and Germany. SimbaPay previously set up a similar service for transfers to Asia with Kenya’s Family Bank in 2018. Africa has been among the most prominent regions for fintech development as users, banks and technology companies have bypassed traditional banking to embrace mobile banking and payment services.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      This partnership with a Uk based company shows that Africa has become the predominant region of the fintech industry. As customer, bank and technology firms have overtaken conventional banking to include mobile banking and payment services,
  • SimbaPay head of operations Victor Karanja said in a statement: “Businesses as well as Kenyans and expatriates with friends and family abroad send over USD 18 billion to other African countries, Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network.”
  • ...1 more annotation...
  • A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments. Nairobi-headquartered private bank Prime Bank has taken a further step into the fintech market by launching an international money transfer service, in collaboration with London-headquartered company SimbaPay.
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      this service will give the possibility to customers to transfer money to bank accounts and mobile wallets in 15 countries. Once again, this is a partnership that will make simbapay's customer base increase.
  • mehdi-ezzaoui on 13 Feb 21
     
    A partnership with a UK-based company will give Prime Bank customers in Kenya access to mobile payments.
mbellakbail69

Prime Bank Launches SimbaPay - International Money Transfer Service - 0 views

aithority.com/...ational-money-transfer-service

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others.
    • aymanelmamoun
      aymanelmamoun on 13 Feb 21
       
      SimbaPay and Prime Bank customers will benefit from direct collaboration; this includes direct money transfer across 15 countries all over the world.
  • Commenting on the partnership, SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      It's easy to access the service, customers will only need to login to the bank's mobile banking app - PrimeMobi, then click on the International Money Transfer icon on the home screen
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