FINTECH AFRICA | Flutterwave’s Send App Launches Commercial Operations in Malawi

Alexandra township is situated next to the wealthy suburb of Sandton, laying bare post-apartheid South Africa’s vast gulf between wealth and poverty. Photo by Chip Somodevilla/Getty Images

Pan African fintech, Flutterwave, has announced that its flagship remittance product, Send App, has launched commercially in Malawi.

According to Flutterwave, Send App lets users make instant money transfers to recipients in various countries around the world, including Europe, United States, and the United Kingdom. This includes transfer options to:

  • Local bank accounts
  • Mobile money wallets
  • Barter accounts, as well as
  • Cash pick-up locations

In Africa, users can use the product to send money to and from:

The app makes it more convenient for Malawi residents and diasporan communities across the U.K, U.S, and Europe to send money to any of the banks in the country through Send App.

 

“Send App was built to connect families, friends, and loved ones seamlessly no matter the distance. Malawi, the heart of Africa, is a great country that thrives on such connections,” said Lumbani Gondwe, Country Manager.

“With complete bank coverage and other integrations such as expanding our delivery options to include Mobile Money and Cash Pickup being actively worked, we are ready to facilitate affordable, quick, secure and seamless international money transfers for Malawians home and abroad.” he added.

 

The move comes one year after Flutterwave received an International Money Transfer Operators (IMTO) license from the Reserve Bank of Malawi allowing the payments company to handle remittances from Malawians and other Africans sending money back home.

 

“With Send App’s arrival and our knowledge of the crucial role remittances play in supporting the personal needs of individuals in Malawi, we are better positioned to support Malawians who want to receive money from the diaspora,” said Olugbenga ‘GB’ Agboola, Founder & CEO of Flutterwave.

“This marks the beginning of an exciting journey of endless possibilities in Malawi, and we’ll continue innovating to make Send App available to as many people as possible who need it across the African continent.”

 

Flutterwave, which also recently secured a Payment Systems Operator (PSO) license from the Bank of Uganda is on an expansion drive around the continent.  The move in Uganda followed acquisitions of payment licenses in Ghana and Mozambique.


 

 

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