Blockchain remittance app Minit Money has opened its first Southern African remittance corridor, enabling Zambians living in South Africa to easily and affordably send money home.
Minit Money is a mobile app that provides secure and reliable money transfers at affordable rates. It is available free to download from all the app stores.
Co-founder and CEO of Minit Money, Angus Brown, said: “We’re delighted to announce the launch of Minit Money’s ability to serve the Zambia diaspora community in South Africa. We have experienced significant growth in our existing corridors of Ghana, Nigeria, Uganda, Cameroon, Senegal, Benin, Ivory Coast & Kenya and the Zambia launch marks our first foray into the Southern region.“
South Africa and Zambia have a long history of cooperation and strong economic ties, driven primarily by the copper mining industry. Many Zambians have family members who have found work in South Africa’s economic hubs.
Minit Money’s launch in South Africa is set to create significant savings for users, improve sending speeds, and provide a seamless user experience for Zambians living in South Africa.
How Minit Money works
To send money using Minit Money, users simply need to download the app, create an account, and enter the amount of money they want to send. They can then choose to send the money to a mobile wallet, bank account, or cash pickup location.
Minit Money uses blockchain technology to secure all transactions. This means that transactions are fast, secure, and transparent.
Benefits of using Minit Money
- Lower fees: Minit Money charges significantly lower fees than traditional remittance providers, such as banks and money transfer operators (MTOs).
- Faster transfers: Minit Money transfers are typically completed within minutes, compared to days or even weeks for traditional remittance providers.
- More convenient: Minit Money is a mobile app, so users can send money from anywhere in the world with an internet connection.
- More secure: Minit Money uses blockchain technology to secure all transactions, making it one of the most secure remittance platforms available.