Prime Bank launches SimbaPay - International Money Transfer Service
Prime Bank, a leading private bank in Kenya, has partnered with London-based FinTech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.
Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries in Africa, Europe, and Asia including India, United Kingdom, China (WeChat Pay), Germany, Uganda among others, the company said in a media statement.
SimbaPay’s Head of Operations Victor Karanja noted that the service will provide a seamless platform for Prime Bank’s customer base to send money abroad at the click of a button.
“Businesses as well as Kenyans and expatriates with friends and family abroad send over $18billion to other African countries, Asia and Europe annually with several billion Kenya shillings going through the Simbapay network. Therefore, this service will offer Prime Bank’s customers a world-class fully digital international money transfer service,”Karanja said.
Prime Bank’s director for business development Vijay Kantaria added that the tier 2 lender has embarked on investment in technology through partnering with various fintechs to accelerate its digital integration plan.
“Through our digital platforms, we aim to make available a one-stop solution to our customers in terms of funds transfer, and with the inclusion of SimbaPay, our customers will now send money to friends and family across the world in the comfort of their mobile phones,” Kantaria said.
Customers can also send transfers from M-Pesa using a dedicated SimbaPay @ Prime Bank pay bill number.