If you live in UK you now can transfer money to E. Africa, no fee, using Wave
Wave , a New York-based money transfer firm, has expanded its M-Pesa-linked diaspora remittance services to the United Kingdom. This means that East Africans living in the UK can now use the Wave app to send money directly to Safaricom’s M-Pesa wallets, as well as to Uganda and Ethiopia through MTN mobile money. They can also send to Tanzania’s M-Pesa. Wave , launched in May 2014, was previously only available in the US and Canada. Remittance inflows from Europe, mostly the UK, accounted for nearly a third of the $559 million (Sh55.9 billion) Kenyans sent back home in the five months to May this year. Drew Durbin, Wave co-founder and chief executive, said the money transfer firm is banking on the fact that it does not charge any commission to send cash to win market share. “Wave now supports instant transfers from United Kingdom debit cards to Kenya, Uganda, Tanzania and Ethiopia,” Mr Durbin said in a statement. “The rest of Europe is coming soon,” he said without offering any