Tanzania Nala & M-Pesa expand payment services to EU

Tanzania Nala & M-Pesa expand payment services to EU

Dar es Salaam. 

Nala, a Tanzanian fintech startup, and Vodacom’s M-Pesa yesterday announced a partnership that would expand its International Money Transfer (IMT) services to the European Union (EU).    

Nala has expanded in Europe by adding 19 new Eurozone nations to its list of send markets after expanding from the UK to the US earlier this year.

The move is in line with Nala’s vision of connecting Africans globally by enabling members of the diaspora across Europe to send money to Tanzania and other African countries.

“Together with Vodacom’s M-Pesa, the expansion has the potential to have a substantial impact by giving better and cheaper options for sending money home,” the companies said in a joint statement yesterday.

Nala’s recent expansion and historic partnership with Vodacom M-Pesa help advance the positive impact of both companies on African payment infrastructure.

Despite the numerous possibilities for sending money to Africa from overseas, the continent remains the most expensive, hampered by hidden fees that make it difficult to determine the actual cost of the service.

Nala’s founder and chief executive officer Benjamin Fernandes said the partnership will bridge the gap in payments from the UK, US and EU to Tanzania, by connecting to the global infrastructure.

“As a Tanzanian, it brings me great pleasure to be able to reach the quarter of African migrants living in Europe with affordable and reliable payments,” he said.

For his part, Vodacom director of M-Commerce, Epimack Mbeteni, lauded the partnership, adding that it aligns well with the company’s plans to grow its international mobile money transfer portfolio.

Vodacom M-Pesa customers can send and receive money from over 200 countries across the world directly into their M-Pesa wallets.

“We have leveraged on innovation and partnership to facilitate international money transfers across Africa and the world making remittance easy and facilitating cross-border trade. We continue to broaden our portfolio of partnerships and countries and we are glad to partner with Nala, a homegrown start-up that is transforming money transfers worldwide,” he said.

Original Media Source

Share this news

Facebook
Twitter
LinkedIn
WhatsApp

This Year’s Most Read News Stories

‘No Marburg Confirmed In Tanzania’, But Mpox Remains ‘Public Health Emergency’
Tanzania Foreign Investment News
Chief Editor

‘No Marburg Confirmed In Tanzania’, But Mpox Remains ‘Public Health Emergency’

‘No Marburg Confirmed In Tanzania’, But Mpox Remains ‘Public Health Emergency’

Monrovia — The Director General of the African Centers for Disease Control, Jean Kaseya, has said the center stands ready to support Tanzania and other countries in the region where suspected cases of the infectious Marburg Virus Disease have been identified. The World Health Organization earlier this week issued an alert warning of a possible outbreak in the country, although the Tanzanian Health Ministry has said tests conducted on available samples did not show the existence of Marburg in the East African nation.

“As of the 15 of January 2025, laboratory results from all suspected individuals were negative for Marburg Virus,” Tanzanian Health Minister Jenista Mhagama said in a statement. This would have marked the country’s second experience with the highly infectious disease that recently killed over a dozen people in neighboring Rwanda. Tanzania previously reported an outbreak of Marburg in 2023 in the  Kegara region, said to have been the epicenter of the new suspected cases.

At the Africa CDC online briefing on Thursday, Kaseya also said another infectious disease, Mpox, “remains a public health concern”. He said that while in December 2024, the disease had afflicted 20 countries, a new country – Sierra Leone – has been added to the number after recent outbreak there. Sierra Leonean health authorities said on January 10 that two cases of Mpox had been confirmed in the country and dozens of contacts are being traced.

With thousands of confirmed cases of Mpox across Africa and more than 1000 people having died of the disease  – mainly in Central Africa – Kaseya emphasized the need to increase testing, a theme he’s heralded before. The Africa CDC boss said over the next few months the continental health watchdog will deploy additional epidemiologists and community health workers to areas considered hot spots of infectious diseases in the region.

Source: allafrica.com

Continue Reading