Another partnership targets cross-border remittance market

Another partnership targets cross-border remittance market

Following hard on the heels of yesterday’s Bango and Tpay mobile money alliance comes another multi-regional digital finance deal. This time Wari and Lycaremit have announced a strategic partnership to facilitate cross-border remittance.

Wari, a global platform offering digital financial services, and Lycaremit, a world leader in remittance and part of the multinational Lyca Group, have signed a strategic partnership that will strengthen and expand their global networks to provide access to money transfer services worldwide.

The partners say that Lycaremit users will benefit from Wari’s highly secure network to access low-cost fund transfers across 30 African countries, as well as Europe, Russia and the Middle East.

Wari says its platform has transformed the development of and access to financial services by offering tailored and convenient payments and solutions. Through its highly secure platform, Wari has built a network of more than 700,000 outlets around the world providing numerous channels for its customers to use.

The partnership between Lycaremit and Wari was, say the partners, born out of an ambition to create an integrated ecosystem comprising financial services, operations, and the facilitation of seamless cross-border transactions. Lycaremit’s customers will benefit from Wari's innovative platform which will enable Lyca to credit any bank account and mobile wallet. Wari will benefit from the increased engagement that Lyca’s global brand recognition will bring to its platform.

Wari is available via WhatsApp, Facebook Messenger, Wari App, USSD and at points of sale. Lycaremit’s services will be available online with immediate effect and the company will be launching a dedicated mobile app soon.

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