Business
M-Paisa rakes in almost $2.2m per month in remittances
Faria Begum February 10, 2020 4:40 pm
An average of $2.2 million worth of remittances per month is received via Vodafone Fiji’s M-Paisa platform.
An average of $2.2 million worth of remittances per month is received via Vodafone Fiji’s M-Paisa platform.
Head of e-Commerce, Shailendra Prasad says since its inception in 2010, M-paisa now has 550,000 active users and people from 94 countries can now send money through the mobile app.
The remittances received through the M-Paisa project is expected to increase as Vodafone Fiji now has a new partner aboard.
“We have just signed on Western Union as a partner so we, Western Union brings close to about 68% of the total in what remittances into Fiji. After about 600million, so we see a big opportunity of people using Western Union to now be able to send money directly into M-Paisa.”
Vodafone Fiji is hoping M-Paisa will contribute towards a cashless society in the near future.
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