TIGO RWANDA PARTNERS WITH BANK OF KIGALI LTD TO LAUNCH TRANSFERS BETWEEN TIGO CASH AND BANK ACCOUNTS, DRIVING FINANCIAL INCLUSION.
Kigali, June 18, 2015 – Tigo Rwanda has partnered with Bank of Kigali Ltd (BK) to enable customers to send money seamlessly between any Tigo Cash wallet and any Bank of Kigali bank account.
Tongai Maramba, General Manager of Tigo Rwanda said: “The new service gives Tigo Cash users and BK customers an easy way to access their money anytime, anywhere through our strong network of agents across the country. We continue to support financial inclusion initiatives and build closer links into the financial system.”
Tigo has over eight thousand agents across the country offering cash-in and cash-out services near where most people live or work.
Maramba continued: “This development underscores our commitment to deliver what our customers have always wanted – a joined up ecosystem of financial services where all players in the financial sector are interconnected. – The Digital lifestyle.”
To move money from any Tigo Cash wallet to a BK account, Tigo Cash customers simply dial *200*11# from their mobile phone. Tigo Cash customers are already able to send money directly from their wallet to Tigo Pesa in Tanzania.
Dr. James Gatera, BK’s Chief Executive Officer observed that, “Bank of Kigali’s current partnership with Tigo Rwanda continues to reaffirm our dedication to continuously offer superior and innovative financial solutions that advance Rwanda’s financial inclusion agenda. The partnership further demystifies lack of access to financial services by creating interoperability between Tigo Cash and Bank of Kigali’s Customer accounts.”
Moreover, the integration with Tigo Cash is exceptional as it enables all customers on BK’s Mobile Banking Solution (Mobiserve) to send money directly to any Tigo cash Wallet in Rwanda while any Tigo cash wallet subscriber can make a deposit right from their Tigo Cash wallet into any BK Account with no need to visit a BK Branch, Agent or ATM.
This has opened up all the Tigo service centers and their over 8,000 Tigo Cash agents to BK customers and equally, all BK Branches & MobiBanks continue to offer Tigo cash services to all Tigo Cash Customers.
To move money from BK to Tigo cash simply use your BK Mobiserve. Dial *334# and select Menu number 8 from your mobile phone.
About Tigo Rwanda:
Tigo Rwanda is owned by Millicom, a leading telecommunications and media company uniquely dedicated to emerging markets in Latin America and Africa. It provides mobile, mobile financial, cable and satellite services to over 56 million customers in fourteen countries, primarily under the Tigo brand. Tigo has been operating in Africa since 1993, in Rwanda since 2009, and serves over 26 million African customers. Tigo Rwanda is the second largest operator with over 2.5 million customers and has invested over US $310 million in the country till date. Tigo has also announced a further US $80 million investment over the next five years in Rwanda. Recently, the company launched Tigo Sugira, Rwanda’s first mobile-based savings product. Other highlights include an investment of US $1 million in Think, Africa’s Rwanda-based technology incubator and the ‘Most Innovative Service Award’ at Africa Com 2014 for international mobile money transfers with integrated currency conversion between Tigo Rwanda and Tigo Tanzania.
About Bank of Kigali:
Established in 1966, Bank of Kigali is the largest and best Bank in Rwanda by total assets. The Bank has a wide distribution network that includes self-service channels such as deposit-taking ATMs; point of sale terminals a well as channels that are geared towards promoting financial inclusion such as mobile vans and BK Yacu Agency Banking Service among others.