Wari to begin cross-border remittance in Africa, other continents

Wari, a global digital platform, has offered to strengthen and expand its global network to provide access to money transfer services worldwide.

The service is in partnership with Lycaremit, a world leader in remittance and part of the multinational Lyca Group, Wari disclosed in a statement made available to Financial Street.

The statement explained that Lycaremit’s users would benefit from Wari’s highly secure network to access low-cost fund transfers across 30 African countries Europe, Russia, and the Middle East.

“Services will be available online immediately, via WhatsApp Messenger and via a mobile app to be launched imminently.

“The partnership between Lycaremit and Wari was borne 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,” the statement added.

The Chief Executive Officer of Wari, Kabirou Mbodje, said, “We partner with key players around the world to offer a global ecosystem to our customers. This agreement will provide more options to foreign communities that support their families back in their countries of origin and are aligned with our goal of ensuring that financial and digital services [are] accessible to all.”

The Founder and Chairman of Lyca Group, Allirajah Subaskaran, said, “The Lyca Group was built to connect people around the world. We are committed to helping as many people as possible send money to friends and loved ones across borders. Through our partnership with Wari, we have an opportunity to better realise that vision.”

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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