Initially, Xpress Money will roll out its cash to cash service to customers in both regions using Money Express’s established network and remittance infrastructure, while other services will be launched later.
As per the planned roll out, services will be introduced 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.
Xpress Money vice president and business head Sudhesh Giriyan said that the company decided to roll out its remittance services in West & Central Africa, as the region offers better potential for business growth.
"With migration being on the rise, the remittances received here is sure to reach a new high in the next few years," Giriyan added.
Money Express, operates as a money transfer company based in Senegal and manages more than 3, 000 payout locations in the regions.
Operating in more than 150 countries in 5 continents, Xpress Money runs 170,000 agent locations and offers customers a simple, fast & safe way to transfer money anywhere across the globe.
