Prime and SimbaPay partner to launch international money transfer service

Prime Bank, a private bank in Kenya, has partnered with London-based fintech, SimbaPay, to launch an instant international money transfer service via the bank’s digital platform, PrimeMobi, according to a press release

Through SimbaPay, Prime Bank customers will now be able to instantly and securely send money directly to bank accounts or mobile wallets across 15 countries including Africa, Europe, Asia, India, United Kingdom, China, Germany and Uganda.

SimbaPay’s head of operations, Victor Karanja, stated the service will provide a seamless platform for Prime Bank’s customer base to send money abroad.

“Businesses as well as Kenyans and expatriates with friends and family abroad send over $18 Billion to other African countries,” Karanja said in the release. “Asia and Europe annually with several billion Kenya Shillings going through the SimbaPay network. Therefore, this service will offer Prime Bank’s customers a world-class fully digital International Money Transfer service.” added Mr. Karanja.