Tigo launches online remittance service in UK, European Union and Canada

Tigo launches online remittance service in UK, European Union and Canada

Stockholm, 19 October, 2015 – Millicom announced today the launch of sendmoney.tigo.com. Customers in UK, European Union and Canada can send money to Tigo Pesa wallets in Tanzania in real time using sendmoney.tigo.com.  There are plans to extend the service to include Tigo Cash wallets in other African countries.

Announcing the launch in London today, Greg Reeve, General Manager, Mobile Financial Services said that Tigo’s sendmoney.tigo.com will make transactions convenient, fast and secure for the Tanzania diaspora living in UK, European Union and Canada.

sendmoney.tigo.com provides the same security standards as banks, with payments being processed through Verified by Visa and MasterCard SecureCode, and allows users to receive transfers safely and  quickly straight into their Tigo Pesa wallets. With one of the lowest transaction fees in the market, lower than any bank,sendmoney.tigo.com is one of the most safe and convenient ways to send remittances to Tanzania.

The World Bank has acknowledged Tanzania as a main recipient market for international remittances, with a total of USD64 million of transfers from Tanzanians living abroad in 2014 alone.

Greg Reeve said: “Historically customers had to travel long distances and carry large amounts of cash whenever they received money from abroad, an inconvenient and risky process. With the expansion of mobile remittances and  services like sendmoney.tigo.com, this is no longer the case. Our vision is to expand  services for our customers to fully benefit from their Tigo Pesa wallets.”

ENDS

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About Millicom

Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing innovative and customer-centric digital lifestyle services to the world’s emerging markets. The Millicom Group employs more than 16,000 people and provides mobile services to over 59 million customers. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol MIC. In 2014, Millicom generated revenue of USD 6.4 billion and EBITDA of USD 2.1 billion.

About Tigo

Tigo Tanzania is the leading innovative telecommunication company in the country, distinguished as a fully-fledged digital lifestyle brand. Offering a diverse product portfolio in voice, SMS, high-speed internet and mobile financial services, Tigo has pioneered innovations such as Facebook in Kiswahili, Tigo Pesa App for Android & iOS users, and East Africa’s first cross-border mobile money transfer with currency conversion. The Tigo 3G network guarantees the best services to its subscriber’s in all regions across the country. Between 2013 and 2014 alone the company launched over 500 new network sites and plans to double its investment by 2017 in terms of coverage and  additional capacity networks for deeper penetration in rural areas. With over 8.5 million registered subscribers to their network, Tigo directly and indirectly employs over 100,000 Tanzanians including an extended network of customer service representatives, mobile money merchants, sales agents and distributors.

Tigo is the biggest commercial brand of Millicom, an international company developing the digital lifestyle in 44 countries with commercial operations in Africa and Latin America and corporate offices in Europe and the USA. With the certain knowledge that only constant innovation will keep them on top, Millicom keeps creating greater shareholder value; applying their concept of “demand more” is how they do business and retain their position as digital lifestyle leaders in some of the most unique and challenging markets.