Revolut, the global financial app with over 40 million customers, has expanded its Mobile Wallets feature by introducing partnerships with Airtel, Orange Money, and MTN.
This expansion enables faster transfers from Europe to Africa, enhancing the ease and speed of sending money abroad.
Revolut has expanded with 14 new payment corridors, including nine African countries and three digital wallets: Airtel, Orange Money, and MTN. This follows Revolut’s earlier initiatives that allowed users in the UK and most European countries to send money to Bangladesh and Kenya. The company is leveraging strong economic ties between Europe and Africa to boost its service portfolio.
The new feature facilitates money transfers to various African countries: Orange Money supports transfers to Botswana, Guinea-Bissau, Côte D’Ivoire, Madagascar, and Sierra Leone; Airtel Money enables transfers to Congo, Gabon, Madagascar, Malawi, and Zambia; and MTN allows transfers to Guinea-Bissau, Côte D’Ivoire, Congo, and Zambia.
Mobile Wallets redefine the remittance experience by offering a low-friction, intuitive process. Users can send money abroad quickly using only recipient IDs such as their name and phone number or email address. This reduces potential risks associated with traditional payment methods, such as sending money to the wrong account or funds getting stuck in banks.
With this feature, Revolut customers in the UK and most European countries can use Mobile Wallets to send money to four different wallets (M-Pesa, Airtel, Orange Money, MTN) used across ten African countries. Revolut plans to add more wallet routes in the coming months, further enhancing its international transfer capabilities.
African countries heavily rely on Mobile Wallets for various transactions, making Revolut’s entry into these markets timely and impactful. Customers can now seamlessly send money to Orange Money, Airtel, and MTN directly from their Revolut app, providing a convenient mobile payment option for expats and international students.
Samuel Fairburn, product owner for remittances at Revolut, said, “We’re delighted to launch Mobile Wallets so that Revolut customers can send money in a flash. Sending money home to Africa is a challenge many expats face and so it is essential to provide a service that simplifies this and facilitates affordable and convenient international money transfers”
“By continuously adapting to the evolving needs of the digital economy, we hope to continue to empower individuals and families around the world to navigate the complexities of cross-border finance with ease.”
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