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mHITs and M-Pesa Collaborate to Launch International Mobile Remittance Corridor between Australia and Kenya

The formal global remittance market is set to rise from around US$300 Bn today to over $1 Tn in five years with the help of mobile communications, according to a report from GSMA. On 5th June 2014, Australian developer and operator of mobile payment services – mHITs – announced that its SMS mobile wallet service has launched an international mobile remittance corridor between Australia and M-Pesa, the leading mobile money service in Kenya.

The mHITs Remit micro-remittance service allows people in Australian to send money safely and conveniently to partner mobile wallet ...

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