By Mpho Shelile
MASERU – Sasai Econet Financial Services together with Sasai Money Transfer launched a faster and secure money transfer beyond Lesotho on the 10th October at Lancers Inn.
Sasai Econet Financial Services, a subsidiary of Econet Telecom Lesotho (ETL), is thrilled to announce its partnership with Sasai Money Transfer, one of Africa’s leading digital money transfer providers and a business of Cassava Technologies, to enable EcoCash customers to receive money beyond Lesotho borders. This partnership between Sasai Econet Financial Services and Sasai Money Transfer will allow both organizations to empower thousands of Basotho and other residents across the Mountain Kingdom to use a safe and secure Fintech platform to receive money from their friends and loved ones in South Africa, UK, China, Pakistan, India, Zimbabwe, Zambia, Botswana, Kenya, Uganda, Tanzania, Congo, Ghana, Somalia and Malawi.
Moreover, this partnership will also facilitate a faster, simpler and secure cross-border payments for EcoCash customers when receiving money and making payments across this countries. “We are incredibly excited because this partnership with Sasai Money Transfer cements our position, as the Econet family, in leading efforts to consistently provide cost-effective digital solution to our valued customers across Lesotho,” said GM – Sasai Econet Financial Services Mrs. ‘Matikoe Letsie. Some apps may offer additional features like bill payments, airtime top-ups, and other financial services, which can be convenient for users. She added, “Also thrilling about this partnership that offers a much-needed solution to increase access to and use of remittances received by households for greater financial inclusion prospects.” She concluded by showing her unwavering gratitude to their clients for their loyalty and support.
The CEO of ETL Mr. Dennis Plaatjies in his remarks stated that payment apps like Sasai often provide convenient ways to transfer money and investment compared to traditional banking or money transfer services. Mobile payment apps may offer competitive fees and exchange rates for cross-border transfers, affordably. These apps are typically accessible to a wide range of users with smartphones and internet connectivity, making it easier for both senders and recipients to use.
Speaking on behalf of Sasai Money Transfer COO Lee Ann Lancaster indicated that , “We want to introduce our convenient and inclusive transfer service to more users, and we are excited to partner with EcoCash as an initiative that will help us realise this objective. This partnership is a testament to our continued commitment to bringing a safer and more accessible platform to people working across the world to send money back to their loved ones or invest in their home countries.”
Sasai Econet Financial Services (SEFS) is a subsidiary of Econet Telecom Lesotho. SEFS products are EcoCash Spache-Fono and EcoSure Rebolokehile. EcoCash is an Econet Lesotho mobile money transfer service that allows customers to conveniently pay bills, send and receive money from anywhere in the country. About Sasai Money Transfer: Sasai Money Transfer is a subsidiary of Sasai Fintech, a business of Cassava Technologies, a leading Pan-African technology group licensed in the UK and South Africa, allowing migrants to remit to Africa and the rest of the world. The service provides various options for beneficiaries to receive their funds through mobile wallets, bank accounts, or cash pick up points at very competitive rates.
From the Prime Minister’s office Mrs. Moleboheng Mokobocho a private secretary indicated that Basotho Diasporas in SA were going through a lot while transferring money to their families, hence she approached ETL and VCL with ideas in making sure that they come up with ways of helping out. “Some of them could not send money so their kids which led to the children being expelled from schools due to nonpayment of fees, while other families would go hungry even though they have family members working in order to make sure that they have food on their tables”, so she said they appreciate what the ETL is doing.