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Mukuru expands across Africa with new mobile money services

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March 27, 2025
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Home Business Editors Pick

Mukuru expands across Africa with new mobile money services

Modupeoluwa Olalere by Modupeoluwa Olalere
March 27, 2025
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Mukuru expands across Africa with new mobile money services

Mukuru expands across Africa with new mobile money services

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Mukuru announced its strategy to expand across Africa on Monday, capitalising on the growing adoption of mobile money solutions.

The fintech company, founded in 2004 by Zimbabwean entrepreneur Rob Burrell, has evolved from a platform for purchasing international talk-time vouchers into one of Africa’s largest remittance service providers.

Read also: Airtel Money lets users pay for Google Play apps without bank card

Today, Mukuru serves over 17 million users globally and handles $3.5 to $4 billion in payments annually across Africa.

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Chief Executive Officer Andy Jury highlighted the shift in consumer behaviour: “Customers have become more comfortable using digital means, networks, and infrastructure,” he said.

Digital transactions now account for two-thirds of Mukuru’s payments—up from 40 per cent four years ago. This surge reflects the increasing demand for financial inclusion and accessible services across underserved communities.

Mukuru’s offerings include remittance services, mobile wallet transfers, funeral cover, and the Mukuru Money Card. Transactions are conducted via physical branches or digital channels such as its mobile app, USSD, and WhatsApp.

The company also partnered with WorldRemit to enhance cash remittance services in countries like Zambia, South Africa, and Malawi.

Mukuru’s expands footprint across Africa and beyond

Mukuru’s expansion strategy includes launching new services and strengthening partnerships to reach more customers. In January 2025, the company introduced a digital wallet in Zimbabwe that provides local and international money transfers, free cashouts, and essential payment services.

Read also: Jem HR secures $3.3 million to expand HR services for African workers via WhatsApp

Marc Carrie-Wilson, CEO of Send Money Home Zimbabwe, stated: “The Mukuru Wallet is a development in the country because we have built a reputable brand by consistently ensuring cash availability when needed”.

The company is also preparing to roll out its mobile app across Botswana, Malawi, Zimbabwe, Zambia, the UK, and the EU within the following year. Additionally, Mukuru plans to extend operations.

Tags: Mukuru
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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