First of all, I know it’s Friday, which is most people’s favorite day. We could do with some cash to go and celebrate with this coming weekend. Personally, I’ll be traveling to Mumias to watch yet another match (it never gets tiring) so anyone up for a random roadtrip, holla.
Western Union has introduced mobile money transfer, where when someone sends you money from abroad, it comes straight to your M-PESA. This means you don’t have to line up at the banks to withdraw your money through the Western Union counter. You can just head to the nearest M-PESA kiosk in your estate and get your cash from there.
The receiver gets a notification on their phone that they have received X amount of money from Y person. The current rates of exchange apply. The receiver is only charged the normal M-PESA transaction service fee when withdrawing, they are not charged to receive.
The sender is however, charged the standard rates. If you are sending money, you can do it online or via a Western Union agent in their area. This service is only available for Safaricom M-PESA customers in Kenya. For the list of other countries where this is available, check out http://www.westernunion.com/mobile
This is good news to many receivers in Kenya, because it means less hassle when withdrawing money sent via Western Union: M-PESA shops are ubiquitous!
This means M-PESA opened up their API to Western Union but they refuse to do the same for developers in Kenya citing what, security reasons?
If you want to try out this service (sending money to M-PESA), you can email me for a coupon to try out your first transaction free of charge!