Revolution in Money Transfers to Kenya-UK launch party
On May 24th, Nairobi-based company BitPesa (www.bitpesa.co) began the pilot phase of a new, cheaper, faster way to send money to Kenya. BitPesa offers free money transfers with a highly competitive exchange rate. BitPesa allows diaspora to send money from nearly anywhere in the world to any Kenyan mobile money wallet (M-PESA, Airtel Money, Orange Money and Yu Cash), within minutes.
BitPesa is inviting members of the Kenyan community in the UK to a launch party at The Old Stratford Town Hall on Saturday, June 7th. This is an opportunity to learn more about the service, meet Kenyans already using the service, and receive free vouchers to send money to Kenya.
BitPesa is designed to extend the advantages of mobile money to the diaspora. Every day, millions of Kenyans use mobile money to pay bills, school fees, salaries, and to buy goods and services. BitPesa believes that their service will also appeal strongly to diaspora who regularly send money for investments in land and property in Kenya.
BitPesa Ltd is a Kenyan company, whose shareholders include Joe Mucheru, the founder of Wananchi Group and the current head of Google Kenya. BitPesa developed the service to offer better value to the Kenyan diaspora who send billions of shillings to Kenya every year. Traditional remittance services currently apply a premium of between 6%-13%. BitPesa offers a much more competitive 3% premium, no additional fees, and transfer to any mobile money wallet within minutes. So far, BitPesa has raised over $700,000 in investment from international and Kenyan partners, and is run by an international team from its Nairobi headquarters.
To learn more about BitPesa and register for the launch party on Saturday, June 7th, visit www.bitpesa.co/party.