The Rwandan Diaspora will be able to send money back home with ease and convenience, thanks to the new partnership between Tigo Rwanda and WorldRemit.
Through the WorldRemit application, Rwandans working abroad will be able to send money to Tigo subscribers who will then get the money on their mobile wallet and withdraw at any Tigo Cash agent.
“For those sending money to Rwanda, our partnership with Tigo Cash sets a new standard: no more extortionate fees, no more waiting in line at convenience stores and cash pick-up locations,” said Alix Murphy, Senior Mobile Analyst at WorldRemit in a statement.
Murphy says that sending money with WorldRemit together with Tigo will make, “sending money home as easy as sending an ‘an instant message’.”
WorldRemit is an Online money transfer service that allows people in more than 50 countries to send money to more than 125+ destinations.
The partnership comes at the time the country is recording an increase in remittances from the diaspora, providing yet another positive outlook for the country’s foreign receipts that were altered due to a decline in export earnings.
“We welcome WorldRemit as an innovative partner allowing Rwandans abroad to send money home in the most convenient and secure way – from a Smartphone to a Tigo Cash mobile wallet,” said Tongai Maramba, general manager at Tigo Rwanda.
According to World Bank, the country’s remittances by end of December amounted to $179 million by end of December, 2014 whilst exports earnings recorded a decline by 4.7 percent at the end of December 2014 down from 18% in the same period 2013.
But this, World Bank says would continue to grow if efforts to bring down cost of sending money from Diaspora back home is brought down, thus calling on all stakeholders within the remittances sector to work towards bringing down the costs.