CONTACT System continues its expansion in Africa: new methods of payment delivery in Kenya
CONTACT system announces further development of its operations on the money transfer market of Kenya. Due to activation of a new partner - FSI Capital Ltd - CONTACT system’s clients in Kenya can now receive money transfers not only in cash at company’s offices in Nairobi, Mombasa and Thika, but also by bank deposit in any bank of Kenya or payout to mobile wallets M-PESA.
Money transfers to Kenya may be sent in USD with payout in local currency - Kenyan schillings. CONTACT system has also set one of the best tariffs for sending remittances to Kenya on the Russian market - from 2.5% to 3.0% depending on the method of delivery.
CONTACT is the first Russian system, which launched money transfers to mobile wallets in Kenya. M-PESA is the largest provider of mobile services in Africa, which controls over 90% of mobile operations in Kenya. Number of M-PESA payment service users in the country now stands at 15 million people (40% of the population) and coverage - about 35 000 agency units. Money credited to recipient’s mobile wallet can be used for payment of utility bills and services, consumer goods or can be credited to bank accounts or cashed in the M-PESA agency points.
«Africa has great potential for money transfers due to steady growth of migrants leaving the continent in search of permanent residence, work or study in such countries as USA, UK, Canada, UAE, etc., - said Elena Gafarova, Vice-president of RUSSLAVBANK, the System’s operator. – Expansion in Kenya is a continuation of CONTACT system’s large-scale project on construction of wide infrastructure in Africa. Thus, a month ago CONTACT system substantially increased its network to 5600 service points on such popular tourist destinations of Africa as Tunisia and Morocco».
CONTACT system was founded in 1999. System Operator is RUSSLAVBANK (CJSC). General License of Bank of Russia № 1073. CONTACT system laid the foundations of the russian market of money transfers. Currently CONTACT unites more than 900 financial institutions in Russia, CIS and foreign countries, which form a network of more than 230 000 service points, including payment terminals in over 100 countries. CONTACT partners in payments are more than 850 legal entities - banks, trading companies, insurance and tourism companies and their agents, Internet service providers, telecom operators and other service systems. Annually millions of customers around the world send and receive money transfers via CONTACT system. In 2011, CONTACT system has won the nationwide contest "Brand № 1 RUSSIA 2011" in category "remittances."
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