{"id":82878,"date":"2023-02-06T15:44:28","date_gmt":"2023-02-06T15:44:28","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/nala-mpesa-partner-to-tap-eu-diaspora-cash"},"modified":"2023-02-06T15:44:28","modified_gmt":"2023-02-06T15:44:28","slug":"nala-mpesa-partner-to-tap-eu-diaspora-cash","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/nala-mpesa-partner-to-tap-eu-diaspora-cash","title":{"rendered":"Nala, Mpesa partner to tap EU diaspora cash"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Tanzanian fintech start-up Nala and M-Pesa have partnered to expand International Money Transfer (IMT) services to the European Union (EU). The global payments company has expanded in Europe by adding 18 new Eurozone nations to its list of send markets after expanding from the UK to the US earlier this year.<\/p>\n<p>The payments company says it is looking to connect Africans globally by enabling members of the diaspora across Europe to send money to Tanzania and other East African countries.<\/p>\n<p>\u201cTogether with Mpesa, the expansion opens the potential for significant impact by providing better and cheaper money transfer options to send money home,\u201d said NALA\u2019s Founder and CEO Benjamin Fernandes<\/p>\n<p>Despite the many options for sending money to Africa from abroad, the continent continues to be the most expensive place to send money. The World Bank estimates average transfer fees to Africa at 9 percent.<\/p>\n<p>Further, many existing options include hidden fees that make it hard to discern the true cost of sending money. Fernandes adds that NALA is working towards changing the paradigm of financial tools for Africans by providing fair and transparent services to empower people with control over their finances.<\/p>\n<p>Opening Europe allows the company to open its doors to the quarter of African migrants living on the continent. \u201cNALA\u2019s partnership with Mpesa allows us to amplify our impact by combining NALA\u2019s global reach with Mpesa\u2019s scale and relevance in Tanzania. Together we can advance our mission to increase economic opportunity for Africans worldwide.\u201d<\/p>\n<p>Through the deal the two firms will connect their global infrastructure to bridge the gap in payments from the UK, EU and US to African states beginning with Tanzania.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Tanzanian fintech start-up Nala and M-Pesa have partnered to expand International Money Transfer (IMT) services to the European Union (EU). The global payments company has expanded in Europe by adding 18 new Eurozone nations to its list of send markets after expanding from the UK to the US earlier this year. The [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":82877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-82878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nala, Mpesa partner to tap EU diaspora cash - kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/nala-mpesa-partner-to-tap-eu-diaspora-cash\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nala, Mpesa partner to tap EU diaspora cash\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Kenya. Tanzanian fintech start-up Nala and M-Pesa have partnered to expand International Money Transfer (IMT) services to the European Union (EU). The global payments company has expanded in Europe by adding 18 new Eurozone nations to its list of send markets after expanding from the UK to the US earlier this year. 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