UNFCU Introduces New Initiatives for Members in East Africa
New York, September 27, 2018 – The United Nations Federal Credit Union (UNFCU) is the first credit union in the US to offer its members the ability to transfer payments to Kenya M‑Pesa1 accounts. M‑Pesa is a mobile phone-based financial wallet widely used in Kenya to make daily transactions. This new transfer payment option is one of several initiatives UNFCU has introduced in 2018 to better service members in East Africa.
Using UNFCU's Digital Banking, members can now directly transfer funds from their UNFCU accounts to registered Kenya M‑Pesa digital wallet accounts. UNFCU worked closely with global payments provider Transpay to introduce the new M‑Pesa program. In addition to Kenya M‑Pesa transfers, members can now also transfer funds in Uganda Shillings.
To provide personal consultations to the UN community based in Uganda, as well as to several thousand UN Field Staff who transition through Entebbe annually, UNFCU opened a representative office on the UN Entebbe Support Base in June. This is UNFCU's second representative office in Africa. UNFCU opened its first office in Nairobi, Kenya in 2003.
UNFCU has dedicated itself to serving the UN community. From a small determined group of 13 founding members based here in New York, UNFCU has grown to serve the financial needs of more than 125,000 members spanning the globe. We are proud of our history of delivering financial solutions that are tailored for the needs of a mobile, international community.
Transpay is a global payments service that provides businesses of all sizes with a scalable, secure, and fully compliant cross-border mass payout solution, making it easy to send funds directly to the local bank accounts of vendors, business partners, freelancers or others, reaching over 95% of bank accounts worldwide.
Over the last 30 years, we’ve built a global payout partner network consisting of direct relationships with hundreds of banks and financial institutions, enabling us to securely, quickly and efficiently make local bank transfers to billions of consumer and business bank accounts.