[kictanet] International remittances straight to your M-PESA account

[Odhiambo Washington]

On Thu, Mar 31, 2011 at 12:29, Andrea Bohnstedt <
andrea.bohnstedt at ratio-magazine.com> wrote:

> Hey all,
>
> Safaricom have entered a co-operation with Western Union so that
> remittances can be sent straight to M-PESA accounts. I haven't seen the fee
> structure yet (probably the usual Western Union fees), but still - great to
> see that Safaricom seem to have cracked the international transfers. Another
> global first for Kenya, I think.
>
> Here's the press release:
>
> http://www.ratio-magazine.com/201103313887/Corporate-Press-Releases/Kenya-Press-Releases-M-PESA-to-Accept-Remittances-through-Alliance-with-Western-Union.html
>
>
This is very interesting.

How will they counter money laundering?

Will central Bank now require Safaricom to submit details of ALL
transactions for the purpose of monitoring how much money came in via this
medium?


-- 
Best regards,
Odhiambo WASHINGTON,
Nairobi,KE
+254733744121/+254722743223
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Damn!!
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