WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts.
Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya – a clear sign that Kenyans continue to be early adopters of innovative technology, even when abroad.
Between January 2016 to January 2017, WorldRemit customers transferred more than Sh 14 Billion ($140m) to Kenya, making WorldRemit one of the largest remittance companies serving kenyans living abroad. Top remittance-sending countries were; UK, Australia, US, Germany, Canada and Nordic countries.
WorldRemit claims that its global customers make more than 580,000 transfers every month across more than 140 destinations via 32 mobile money services in 24 countries.
Ismail Ahmed, Founder and CEO at WorldRemit, comments: “Kenya is famed for leading Africa’s digital transformation, and today it’s Kenyans abroad who are at the forefront of digitising international money transfers. Most of our Kenyan customers use our mobile app, demonstrating the strong demand for convenience when sending to friends and family.
Mr Ismail also noted that WorldRemit customers now send more than 65,000 transfers to Kenya every month from its platform with over 90% going to M-PESA.
Related; CBA Contracts Nasdaq Listed Firm to Develop Kenya’s First Digital Card
