NCBA Group Bank has taken a significant step to enhance its remittance services by partnering with Xpress Money, a global leader in money transfer solutions.

This strategic collaboration will provide NCBA customers with access to Xpress Money’s extensive global money transfer network in Kenya, with over 185,000 partner locations across 160 countries.

This partnership comes in the wake of another similar collaboration where NCBA tapped NALA to enhance remittances to Africa.

A Win-Win Partnership

By leveraging Xpress Money’s global reach and expertise, NCBA aims to offer its customers faster, more convenient, and cost-effective money transfer solutions.

This partnership aligns perfectly with NCBA’s 2024 strategic focus on digitisation and its commitment to serving the needs of the Kenyan diaspora.

Tirus Mwithiga, NCBA Group Retail Director, highlighted the importance of this partnership in enhancing the bank’s Diaspora Banking value proposition.

By collaborating with fintech companies, NCBA seeks to stay competitive and provide tailored solutions to meet the evolving needs of the diaspora community.

Xpress Money: A Global Leader in Remittances

Established in 1999, Xpress Money has solidified its position as a key player in the global remittance industry, offering reliable and efficient services to millions of people worldwide.

With a strong presence across 180 countries and a commitment to customer satisfaction, Xpress Money has become a trusted choice for individuals and businesses alike.

Samir Vidhate, CEO of Xpress Money, expressed enthusiasm about the partnership with NCBA. He emphasised the shared commitment to providing seamless and affordable money transfer solutions.

By combining Xpress Money’s global network with NCBA’s strong local presence, the partnership aims to transform the remittance experience for customers.

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Omnichannel Convenience

Xpress Money provides a seamless and convenient money transfer experience through its omnichannel distribution network. Customers can choose from a variety of options, including:

• Direct to Account: Funds are directly credited to the recipient’s bank account.
• Mobile Wallet Credits: Funds are transferred to mobile wallets for easy access.
• Cash Payout: Funds can be collected in cash from a wide network of agent locations.

Key Features of Xpress Money

• Competitive Rates: Xpress Money offers highly competitive exchange rates, ensuring that your money goes further.
• Fast and Secure Transfers: Your funds are transferred quickly and securely, reaching beneficiaries promptly.
• Reliable Service: Xpress Money has a proven track record of delivering reliable and efficient services.
• Global Network: With a vast global network, you can send money to almost any corner of the world.
• Multi-Channel Disbursement: Recipients can receive funds through various channels, including bank accounts, cash pick-up, and mobile wallets.

Empowering Kenyans Through Strategic Partnerships

Xpress Money has forged strategic partnerships with several Kenyan banks, including Co-operative Bank of Kenya and Kenya Commercial Bank (KCB).

These partnerships have significantly expanded the reach of Xpress Money’s services in Kenya, making it easier for Kenyans to send and receive money both domestically and internationally.

By leveraging the extensive branch networks of these banks, Xpress Money has been able to reach even the most remote areas of the country. This has been particularly beneficial for Kenyans living abroad who want to support their families back home.

NCBA Group Bank: Enhancing the Remittance Experience for the Kenyan Diaspora

NCBA Bank Kenya offers a range of services tailored to meet the diverse needs of its customers. One of the key services is NCBA Internet Banking, which allows clients to manage their finances online efficiently.

This partnership with Xpress Money further enhances the bank’s ability to provide convenient and cost-effective remittance solutions, expanding access to Kenya diaspora banking services.

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The collaboration also opens up further possibilities for NCBA customers, including greater financial inclusion and streamlined services for sending money to family members in Kenya.

A Brighter Future for Global Remittances

Xpress Money’s commitment to innovation and customer satisfaction has positioned it as a leading player in the global remittance industry.

By offering a seamless and convenient experience, the company is empowering individuals to connect with their loved ones and contribute to their financial well-being.

This collaboration between NCBA and Xpress Money marks a significant milestone in the evolution of remittance services. By offering a wider range of options and faster transfer times, the partnership empowers the Kenyan diaspora to support their families and contribute to the country’s economic growth.

The partnership aligns with NCBA’s strategic focus on digitisation and serves as a testament to the bank’s commitment to providing innovative and efficient money transfer solutions.