There’s a new player in the mobile money remittance space as m-Gurush, South Sudan’s first mobile money service, launches international remittance services on its Mobile Money platform.
The service, the company claims, will benefit m-Gurush customers, especially business and trading communities sending funds from South Sudan to Kenya, Uganda and the greater East African region. The international remittance service will in fact enable m-Gurush-registered customers to send and receive money to and from a number of countries across the globe.
Customers will be able to send this money digitally, either in US dollars or South Sudanese pounds, from their m-Gurush account.
Sub-Saharan African, and South Sudan in particular, is one of the most expensive remittance corridors in the world. It is hoped that this service will bring down the cost of international remittances in South Sudan.
The service can be accessed by customers dialing *355# on the Zain network and also through the m-Gurush application, which can be downloaded from the Google Play Store.
Launched in 2019, m-Gurush has a wide network of agents across South Sudan to enable customers to register, deposit and withdraw money.
The m-Gurush Mobile Money service is offered by Trinity Technologies Limited (TTL) in partnership with Zain. TTL is a local telecommunications company specializing in the design and development of innovative financial services, online transactions and mobile payment systems.
The launch of this remittance service comes at a time where digital money transfer services such as mobile money and electronic banking are being supported by various governments as a way to curb the spread of COVID-19.