The mobile operator Vodacom, through its subsidiary Mobile Money “Vodacash” launched Wednesday, January 24, in collaboration with Equity Bank Congo (Procredit) “M-Pesa Bureau de Change.”
The new financial product and set up will allow subscribers of M-Pesa service convert their money in Congolese franc or the US dollar.
With “M-Pesa Bureau de Change”, Vodacom and Equity Bank concluded a partnership that helps solve the problem of financial inclusion at the national level according to the instigators of the project to the subscriber a stockbroker, part financial intermediaries with regard to such operations.
“The Bureau de Change mobile phone is a revolution on the Congolese market in that it simplifies the obstacles raised by the traditional exchange office in relation to service to our populations. We have among others: the inconsistency of exchange rate changes on different physical rental points, the distance to find a trader, the lack of exchange offices and dealers in some parts of the country. Now Vodacom subscribers no longer have to move or to look for a third person with whom he was to go to conduct financial transactions. It will not be the victim variants rates from one district to another. It will have the advantage to convert its currency at the same rate, “said Paulin Ikwala, deputy general manager of Vodacom Congo.
For his part, Hughes Bonche, Deputy CEO of Equity Bank Congo, said he was proud to participate in the implementation of this new service which falls straight to its goal and mission are: transform lives and livelihoods of our people through modern financial services, inclusive and adapted in order to make it socially and economically autonomous.
“We are convinced that the M-Pesa Currency Exchange just answered a real and major need of the Congolese currency market. We can say without risk of contradiction, that the regulation and exchange of market regulation as prescribed by the Central Bank of Congo (BCC) has taken an important step in its modernization with M-Pesa Bureau de Change ” has he noticed.
