BitPesa now in Tanzania - Send money to Africa, to their mobilephone

Info Post

Excerpts from Jeff Maxim's article
  • African Bitcoin startup BitPesa launched its remittance service in Tanzania on May 18, 2015. 
  • The service previously was available only in Kenya, where the company is headquartered. It launched its international money transfer there last year.
  • The company operates an exchange in Kenya and Ghana.
  • Tanzania is the first country the startup has expanded its international money transfer service.
  • BitPesa’s service allows anyone to send money to any Tanzanian phone number and charges a flat 3 percent on all its transfers. It also promises the money will arrive instantly. It hopes to undercut the fees charged by incumbents’ remittance services. A 2013 World Bank press release said that Tanzania, alongside South Africa and Ghana, were the most expensive African countries to remit money to. Fees reportedly could get as high as 20 percent.
  • M-Pesa, have partnered with Western Union, to offer international mobile remittances.

From BitPesa's website:

  1. Great for business: Pay staff and suppliers in Kenya and Tanzania in one easy transaction. You can send funds to any mobile money or bank account at a great exchange rate!
  2. Just as great for individuals: Use BitPesa to send money to Africa from anywhere in the world. You can pay friends, relatives, or businesses in Kenya and Tanzania. It goes straight to their mobilephone!

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