Centi Enables Instant, Low-Cost Transfers to African Mobile Wallets
Zürich, Switzerland, 30 January 2025 – Switzerland is among the world’s largest remittance-sending countries, with more than $30 billion transferred abroad annually. A significant share of this goes to Africa, where recipients often face high fees, poor exchange rates, and slow processing times.
Swiss fintech Centi has introduced a new remittance service that uses Swiss bank-backed stablecoins to facilitate instant, low-cost transfers from Switzerland to Africa. In partnership with Minit Money, Centi enables direct payouts to millions of mobile money users and bank accounts.
Key Figures
- Up to 30% more money received compared to traditional remittance services
- Up to 85% lower costs – sending CHF 100 costs as little as CHF 2
- Direct payouts to 45+ banks and mobile wallets such as MTN and Airtel
- Live in eight countries: Kenya, Nigeria, Uganda, Senegal, Ivory Coast, Cameroon, Benin, and Zambia
Fully digital but accessible to the unbanked – the Centi app can be topped up with cash
A Digital-First but Inclusive Approach
“Traditional remittance services often charge $15 to send $100. With Centi, the cost is around $2. These savings directly translate into family and friends helping each other more efficiently, often in situations of need. Our all-digital flow, which still allows physical cash to be remitted, is unique in accessibility and inclusivity. Even people without access to banking can access the digital economy through Centi” says Bernhard Müller, CEO of Centi.
Now Available
- Centi app is available for download in multiple languages.
- Instant transfers to mobile wallets and bank accounts
- Cash top-ups for those without bank access
- Swiss regulatory compliance
For more information, visit www.centi.ch
