September 16, 2015
INTERNATIONAL money transfer is expected to be made easier with Vodafone’s partnership with Xpress Money, which will facilitate instant money transfers to the M-PAiSA mobile wallets.
A statement from Vodafone yesterday said the service was expected to benefit thousands of former Fiji residents, migrant workers and professional sports persons who regularly send money to their loved ones in Fiji.
Vodafone Fiji E-Commerce and Corporate Affairs head Shailendra Prasad said: “More than $300million in remittance comes into Fiji every year through international money transfers.
“For many families, money sent by relatives from abroad is an important source of supplementary income to meet their daily needs,” he said.
“This international money transfer service through Xpress Money is a lifeline for many families. We are therefore pleased that we can provide this convenient, cost-effective and instant money transfer service directly into their mobile phone, 24 hours a day and 7 days of the week. It does not get any better than this,” said Mr Prasad.
Xpress Money chief operating officer Sudhesh Giriyan said: As a brand, customers have always been our priority; it has always been our endeavour to launch services that benefit our customers. We are certain that beneficiaries will use the convenience of this service to their advantage ? they can receive money any time in the comfort of their homes.
“We are happy to be partnering with Vodafone M-PAiSA, a brand that reckons with our belief of customer convenience and satisfaction.”
The statement from Vodafone said the service had been approved by the Reserve Bank of Fiji after being satisfied with transaction security, reliability and compliance against anti money laundering requirements for a cross border transaction.
According to the statement money sent from overseas through Xpress Money would arrive in Fijian dollar amounts directly into the receivers M-PAiSA mobile wallet within seconds of it being processed at the senders end.
“An SMS will also be simultaneously delivered to the receivers’ mobile informing them of the amount sent.
“The recipient could then walk across to any M-PAiSA agent conveniently located throughout the country to withdraw their money,” said the statement.
Source: Fiji Times