NCBA Bank has announced a partnership with Xpress Money, a global remittance platform, to expand its money transfer services to over 160 countries.
Under the agreement, NCBA customers will gain access to Xpress Money’s extensive network, which spans more than 185,000 locations worldwide.
The collaboration aims to provide a secure, reliable, and cost-effective way for customers, particularly those in the diaspora, to send and receive funds.
“This partnership aligns with our goal of becoming the leading bank for the Kenyan diaspora,” said Tirus Mwithiga, NCBA Group Retail Director. “It’s part of our broader strategy to enhance remittance volumes and offer greater value to our customers.”
The move comes as NCBA says its pushing on with its digitisation and strategic alliances to remain competitive in the diaspora banking market.
Mwithiga noted that partnerships with fintech companies like Xpress Money are key to improving remittance services.
Xpress Money offers various transfer options, including cash-to-cash, account credits, and mobile wallets. Samir Vidhate, CEO of Xpress Money, expressed optimism about the collaboration, highlighting its potential to streamline cross-border transactions for NCBA’s customers.
Founded in 1999, Xpress Money has established itself as a major player in the $689 billion global remittance industry through partnerships with financial institutions worldwide.
This partnership marks NCBA’s latest effort to tap into the growing demand for seamless international money transfer solutions.
