MTN launches mobile money service between Côte d'Ivoire and Benin

send-moneyAs of 30 September 2014, MTN Mobile Money had 22.2mn registered users and was available in 15 countries. (Image source: MTN)Telecom provider MTN, in a bid to enable easy movement of money in the West African region, has announced the launch of mobile money cross-border remittance service between Côte d'Ivoire and Benin

MTN mobile money service enables users to perform local and international money transfers, make utility payments, save money in their interest-bearing mobile wallets, purchase airtime and access a range of mobile financial products.

Pieter Verkade, CEO of MTN, said, “The launch of this new corridor is an important part of our mobile financial services strategy. The new service will take advantage of the extensive distribution network of MTN Mobile Money in both countries, and reduce the cost of sending and receiving money for our customers.”

According to MTN, the introduction of cross-border remittance forms part of company’s strategy to increase financial inclusion through the use of mobile technologies.

Wim Vanhelleputte, CEO of MTN Côte d’Ivoire, said, “The ability to transfer money easily and cheaply between Burkina Faso and Côte d’Ivoire is already revolutionising the lives of many of our customers. As for the Burkina service, the Benin corridor will not only connect families, but also facilitate trade and business partnerships on a regional scale.”

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