Somaliland: Maico Partners ( Rawandan Fintech Startup) with Dahabshiil to Leverage Global Money Transfers
With China as the major market currently, Maico has developed its own product known as Rapidocash for payment of school fees and business transactions via bank deposits and WeChat application.
In addition to Dahabshiil, the company enjoys a partnership with other global money transfer companies like Western Union and Money Exchange as it continues to expand its horizons.
‘Partnering with Maico Money Transfer is an expansion of our footprint,’ said Mustafe Sheikh Adan Amin, Managing Director of Dahabshiil in Rwanda.
‘The partnership expands the accessibility of money transfers in a time where people are not able to travel as easily as before and have to do a lot of business remotely or support family members who are living across the globe.’
Dahabshiil is currently the leading money transfer service in the country.
Mustafe noted during the event that working together with Maico will bring the Rwandan diaspora, whom the partnership is targeting, closer to the company.
Higiro revealed that the company is edging talks with MTN Rwanda to integrate the telco’s mobile money service.
The move is expected to drive financial inclusion further by enabling people in Rwanda to receive or send money abroad using mobile money, the most popular digital payment system in Rwanda and in Africa.
Beyond money transfer, Maico also provides foreign exchange services and digital payment solutions among others.
Read the original Article on SomTribune