Xpress Money, one of the world's most dependable money transfer brands today signed an MOU with Money Express to launch its operations in West & Central Africa in the near future.
Money Express, is a leading money transfer company based in Senegal with over 3, 000 payout locations in the regions. As an initial offering, Xpress Money will extend its popular Cash to Cash service to customers in both regions using Money Express's well established network and remittance infrastructure and in due course of time the brand's other services will also be introduced.
By virtue of this partnership, Xpress Money will be launching its services in Senegal, Cote 'd' Ivoire, Benin, Togo, Burkina Faso, Mali, Niger in West Africa and Cameroon, Tchad, D R Congo and Congo Brazzaville in Central Africa.
Over the last decade, migration from West & Central Africa has been on the rise especially to Europe and other African countries. France, Italy, Spain and the USA are the top migration destinations outside Africa for expats.
Mr. Sudhesh Giriyan, Vice President and Business Head of Xpress Money, said: "Looking at the remittance potential of West & Central Africa, it was imperative that we plan to launch our operations here. With migration being on the rise, the remittances received here is sure to reach a new high in the next few years. This is therefore the ideal time for a brand like ours to enter these two regions and contribute to their remittance industry. With Money Express being such an established and trustworthy brand in the country, choosing them as our partners to launch was an appropriate decision. We hope to build this partnership into a long term association."