NCBA Bank Partners with Xpress Money to Enhance Remittance Transfers Across Africa

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NCBA Bank has joined forces with Xpress Money to streamline remittance services for its diaspora customers. The partnership will provide options like Cash-to-Cash, Account Credits, and Mobile Wallet services.

The partnership with Xpress Money will allow NCBA Bank to leverage a global remittance network spanning over 185,000 partner locations in more than 160 countries.

Tirus Mwithiga, NCBA Group Retail Director, stated that the partnership aligns with NCBA Bank’s goal of becoming the leading financial institution for the Kenyan diaspora.

“As a customer-centric institution, we are thrilled to embark on another strategic partnership to assist our customers in the diaspora in making safe and fast transactions with a trusted brand. This partnership aligns with our strategic goal to be the leading bank for the Kenyan diaspora. Together, we aim to increase remittance volumes and provide value to both senders and receivers.” he stated.

“In 2024, the bank has prioritized digitization as a core strategic focus and has embarked on revamping its Diaspora Banking value proposition to remain competitive. Part of this revamp involves forming strategic partnerships with fintechs to enhance diaspora remittances, ensuring we fully support the diaspora market. The deal with Xpress Money is one of the key initiatives to achieve this,” he added.

This collaboration comes just a month after the bank joined forces with Tanzanian fintech NALA to improve remittance processes across the continent.

Read: NCBA Partners with NALA Payments to Strengthen Remittance Services to Africa

Xpress Money, established in 1999, specializes in cash-to-cash transfers, account credits, and mobile wallet solutions. Its services are designed to cater to the $689 billion global remittance industry through collaborations with trusted institutions.

Samir Vidhate, CEO of Xpress Money, expressed enthusiasm about partnering with NCBA Bank to extend their remittance solutions to customers.

“We are excited to collaborate with NCBA and extend our remittance services to their customers. Our partnership with NCBA underscores our commitment to providing convenient and secure money transfer solutions to customers across the globe. Together, we aim to make the process of sending money home faster, simpler, and affordable for NCBA customers.” he noted.