Pan African fintech, Flutterwave, has announced that its flagship remittance product, Send App, has launched commercially in Malawi.
According to Flutterwave, Send App lets users make instant money transfers to recipients in various countries around the world, including Europe, United States, and the United Kingdom. This includes transfer options to:
Local bank accounts
Mobile money wallets
Barter accounts, as well as
Cash pick-up locations
In Africa, users can use the product to send money to and from:
Cameroon
Senegal
Cote D’Ivoire
Ghana
Kenya
Nigeria
South Africa
Ethiopia, and now
Malawi
The app makes it more convenient for Malawi residents and diasporan communities across the U.K, U.S, and Europe to send money to any of the banks in the country through Send App.
“Send App was built to connect families, friends, and loved ones seamlessly no matter the distance. Malawi, the heart of Africa, is a great country that thrives on such connections,” said Lumbani Gondwe, Country Manager.
“With complete bank coverage and other integrations such as expanding our delivery options to include Mobile Money and Cash Pickup being actively worked, we are ready to facilitate affordable, quick, secure and seamless international money transfers for Malawians home and abroad.” he added.
The move comes one year after Flutterwave received an International Money Transfer Operators (IMTO) license from the Reserve Bank of Malawi allowing the payments company to handle remittances from Malawians and other Africans sending money back home.
“With Send App’s arrival and our knowledge of the crucial role remittances play in supporting the personal needs of individuals in Malawi, we are better positioned to support Malawians who want to receive money from the diaspora,” said Olugbenga ‘GB’ Agboola, Founder & CEO of Flutterwave.
“This marks the beginning of an exciting journey of endless possibilities in Malawi, and we’ll continue innovating to make Send App available to as many people as possible who need it across the African continent.”
REGULATION | Malawi Reserve Bank Grants International Money Transfer License to Flutterwave
Local and diaspora Malawians can now use Flutterwave’s cross-border remittance solution, Send App, to conduct international payments through a respected platform that is one of… pic.twitter.com/CeXhQk6BLW
— BitKE (@BitcoinKE) November 15, 2023
Flutterwave, which also recently secured a Payment Systems Operator (PSO) license from the Bank of Uganda is on an expansion drive around the continent. The move in Uganda followed acquisitions of payment licenses in Ghana and Mozambique.
REGULATION | Flutterwave Secures Payment Systems Operator License from Bank of #Uganda
With the PSO license, Flutterwave will offer payout services for disbursing funds like salaries and commissions, invoicing solutions for easy tracking and payment collection, and mobile… pic.twitter.com/7kl5Wqhlat
— BitKE (@BitcoinKE) August 29, 2024
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