bux customers now have the option to send money though the app to six counties on the African continent, including Kenya, Nigeria, Niger, Uganda and Malawi.
For money transfers to Kenya bux customers can send to an Airtel, Safaricom or MPESA mobile wallet. From bux to Niger you can also transfer funds to an Airtel wallet.
For Uganda, you can make transfers from bux to an Airtel or MTN wallet.
Malawi transfers can go to Airtel wallets, while those transferring to Nigeria can send money to a receiving bank including; Access Bank Nigeria, First Bank Nigeria, Guaranty Trust Bank, Standard Charted Bank and Zenith Bank.
Africa is home to more mobile wallet users than anywhere else in the world. The current estimate is that 12% of African adults use mobile wallets, known as “mobile money accounts”. Africa is also a rapidly rising market for financial accounts. While only 24% of African adults had access to any kind of personal financial account in 2011, estimates indicate that 34% of adults will have access to one today.
With the African diaspora making up a significant portion of expat workers around the world, connecting them with an easy way to remit their income home to their families and loved ones is essential. With the bux mobile app providing so many options, it’s the easy, safe way to transfer funds back to Kenya, Nigeria, Niger, Uganda, Malawi and Nigeria.
bux already has plans to expand remittance services to more countries across the continent in 2017.
With the lowest transfer fees on the market, bux users keep their money where it needs to be: with their family. Best of all, bux takes care of you in other ways as well. The app also offers pre-paid mobile recharge and international calling credits so you can keep in touch with your family.
If you are planning to send money to Kenya, Nigeria, Niger, Uganda, Malawi and Nigeria through the app, you will save on money transfer fees. bux send fees to Africa start at just AUD$3.