Vodafone Cash subscribers to benefit from new partnership with Remitly
Vodafone Cash has partnered with Remitly Inc., a Seattle-based international money transfer company to bring significant improvements to the remittance process for Vodafone Cash subscribers.
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The collaboration seeks to provide a more convenient, secure, and efficient way for beneficiaries in Ghana to receive funds from abroad directly into their Vodafone Cash wallets.
It will reshape the remittance landscape in the country, providing Vodafone Cash subscribers with an accessible and efficient solution for receiving funds fr om abroad.
In a release issued by the company, it said “Ghana ranks as the second-highest receiving country for remittances in Africa, with inflows worth $4.8 billion in 2022. The exponential growth of mobile money platforms like Vodafone Cash has contributed to this boom in remittance flows.”
By partnering with Remitly, Vodafone Cash aims to increase its share of the remittance business and strengthen its position in the market, whilst affording customers convenience and security in receiving money from abroad.
It said Vodafone Ghana and Vodafone Cash subscribers stand to benefit immensely from this partnership adding that “the Remitly International Money Transfer service allows customers to receive remittances from over 135 countries directly to their Vodafone Cash wallets, bypassing the need for additional steps such as visiting a bank or currency exchange.
This streamlined process offers increased convenience, safety, and speed for customers accessing their funds.”
The Director for Vodafone Cash, Philip Fofie Amoateng, said, through the partnership with Remitly, Vodafone is further enhancing its cash services and offering a seamless remittance experience to our valued customers.
“Our goal is to simplify the process and make it safer and more efficient for our subscribers to receive international money transfers. We are privileged to partner with Remitly, with significant support from FBN Bank, to make this happen for our customers,” he added.