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February 26, 2016updated 04 Apr 2017 3:59pm

HomeSend, Vodafone to extend M-Pesa remittance deal to five new markets

HomeSend, a joint venture between MasterCard, eServGlobal and BICS, has expanded its global framework agreement with Vodafone Group for M-Pesa service.

By Verdict Staff

HomeSend, a joint venture between MasterCard, eServGlobal and BICS, has expanded its global framework agreement with Vodafone Group for M-Pesa service.

Under the deal, the companies will launch remittance services in Democratic Republic of Congo, Ghana, Lesotho, Mozambique and Albania in 2016.

HomeSend has already introduced inbound remittances with M-Pesa in Tanzania, Romania as well as Kenya.

HomeSend in a statement revealed that it intends to expand the reach of their network to more than 70 markets in 2016 including 20 new mobile money markets.

HomeSend will offer a way to receive remittances by enabling MasterCard payments cards to be used.

HomeSend CEO Stephen Doyle said: "We are thrilled to expand our work with Vodafone to bring all-important, cost-effective money transfer services to M-Pesa customers in even more countries."

Vodafone head of m-pesa commercial and strategy Claire Alexandre said: "We’re delighted to offer our customers more choice to send and receive money from other countries and networks. HomeSend connects them to an extensive global network, offering an affordable, secure and convenient solution for inbound digital money transfers."

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