Vodacom Tanzania has announced plans to expand its mobile money platform’s International Money Transfer (IMT) portfolio, seeking to enable subscribers to easily send and receive money to eight new countries with the Southern Africa Development Community (SADC).
Subscribers with Vodacom’s M-Pesa will now be able to transact to South Africa, Malawi, Zambia, Zimbabwe, Lesotho, Mozambique, Swaziland, and the Democratic Republic of Congo (DRC).
Through its IMT portfolio, the company’s M-Pesa facilitates international remittances by connecting over 200 countries worldwide allowing Tanzanians to transact across borders.
The entrant of mobile money in international remittance has not only improved ease of access but also reduced the cost of transfers bringing us closer to achieving the United Nations Sustainable Development Goal (SDG 10). We applaud this growth in this space and commend Vodacom M-Pesa.
The minister of Foreign Affairs and East African Cooperation, Dr Stargomena Tax.
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