August 14, 2003- E-Money Remittance limited, a UK based company has teamed up with M-Systems, the global technology for remittance management to revolutionise money remittance to Africa with instant payments at a lower cost.

Money remittances from Africans abroad have provided the lifeline for their friends and relatives on the continent, but are often fraught with delayed payments, bogus money transfer companies and poor customer service.

Through the M-systems technology, E-Money Remittance Limited is in the position to offer real-time, customer oriented money transfer service with the aim of dispelling the general belief that in its present state, the remittance industry is old-fashioned.

Utilising the user friendly bespoke M-Systems technology for remittance management; customers are offered real-time money transfer with a messaging facility and proper relationship with partner banks that also utilise the system.

“E-Money Remittance Limited is an innovative company and with a well balanced partner like M-Systems, the remittance industry should witness real changes. We are sure to become the market leaders with our innovative product”, David Anderson, Marketing and Strategic Planner, E-Money Remittance said.

“We see ourselves as the new company with the right attitude and approach in dealing with the fragmented approach to money transfer witnessed in the UK market today. We are very competitive on cost as well”, he added.

M-Systems provide the technology and the banking relationship which mean that customers are offered an extensive network of banks all connected to the same system. The interrelationship offers real time money transfer platform. In Ghana for example, Cal Merchant Bank, Eco Bank and First Atlantic Merchant Bank utilise M-Systems technology, providing a common portal for information sharing and transaction settlement.

Presently, E-Money offers remittances to Ghana, Nigeria, Kenya and The Gambia, with many more destinations expected soon.