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Monday, August 31, 2015

SimbaPay, Choice Microfinance Bank app for Kenyans

ITRealms





SimbaPay, a leading digital money transfer provider is partnering with Choice Microfinance Bank to bring financial services to Kenyans living in United Kingdom and other European Union countries, ITRealms reports. 


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.


In the press release made available to ITRealms, the Head, Operations, SimbaPay, Victor Karanja, “Our customers who already bank with Choice Microfinance Bank or have friends and family using the bank will be glad to see their transfers being credited instantly”. 


The Deputy CEO, Choice Microfinance Bank, Stanley Kasyoka, added that “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”.


SimbaPay and Choice Microfinance Bank, ITRealms gathered, announced the partnership on August 29, 2015 in London at the annual “Kenya in the Park” event where they also exhibited the service. The two companies jointly sponsored the event  with other businesses targeting Kenyans abroad. The event is an annual celebration of Kenya’s rich vibrant culture.


For ease of use, Choice Bank has been pre-loaded on to the SimbaPay platform which eliminates the need for customers having to remember the Choice Bank pay bill details. At the time of making a money transfer using SimbaPay, customers will be required to select the bank from a database of Pay Bill businesses and then enter the destination account number and amount, ITRealms learnt.


SimbaPay also launched free, instant transfers to all Nigerian banks in May 2015.  In June it became the first platform in the world to allow Kenyans living abroad to make M-Pesa Pay Bill payments and continues to disrupt the cross-border remittance industry with its focus on speed and convenience, ITRealms informs.


Cyriacus Nnaji/GEE

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