Lonestar Cell MTN partners with WorldRemit

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Lonestar Cell MTN will work alongside remittance household name WorldRemit to deliver a new service to its Mobile Money customers across Liberia.
  • Customers will be able to receive money from a variety of Western nations – and pick it up via agent outlets.
  • They can then use it to pay bills, get cash, or send it on to others.

International money transfers company WorldRemit has announced that it will work alongside a Liberian mobile network.

The company said that it will work with Lonestar Cell MTN, which is a premier phone company in Liberia.

As is not uncommon in Sub-Saharan Africa, Lonestar Cell MTN is both a mobile phone network provider and a provider of micro-level financial services.

Under the terms of the new partnership, clients of Lonestar Cell MTN’s Mobile Money service will be able to accept payments from various nations around the world.

These nations include the US, Canada and countries across Europe.

The new service will also be offered free of charge.

According to reports in the press about the new collaboration, the development will mean that customers will no longer have to go to banking halls in order to receive their transactions.

Instead, they will be able to pick up their cash at one of more than 7,000 Lonestar Cell MTN outlets in the West African country.

From there, they will be able to either get cash or use the remittance to cover their bills.

They can also send it on to other loved ones – though this would incur a cost.

Recipients also have to join the Lonestar Cell MTN Mobile Money service before becoming eligible.

According to a leading figure at Lonestar Cell MTN Mobile Money, the new arrangement will mean that customers from across Liberia will have their money transfer options increased significantly.

Christopher Ssali, who is the firm’s acting general manager, said that the new service will be more secure.

“Liberians can now receive international financial remittances from family and friends in Europe, Canada and the USA more easily and safely,” he said.

He also praised the Liberian people for their resilience in the face of various problems.

He said: “We have seen how resilient the people of Liberia truly are and we are very proud to be at the forefront of innovative technologies and partnerships which can help Liberians live convenient lives. Our partnership with WorldRemit does just that.”

He went on to add that the main appeal of launching the new service was that it would reduce friction in online payments and boost the chances of the country achieving its goal of going cashless.

“We are excited about this because it makes our customers lives easier and we are supporting the government’s aim for a cashless digital economy and financial inclusion,” he added.

WorldRemit is one of the most popular online money transfer services on the planet – but what precise features and benefits can it offer you?

Check out more information over at our review page for WorldRemit.


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