• DigiPay and Belmoney launched DigiTransfer for money transfers from Europe to Congo and the DRC

• The app enables transfers to mobile wallets and bank accounts within minutes

• The service aims to lower remittance costs and expand digital cross-border payments in Central Africa

Pan-African fintech DigiPay Group and European financial technology company Belmoney announced on Thursday the launch of DigiTransfer, a mobile application enabling money transfers from France and Belgium to the Republic of Congo and the Democratic Republic of Congo (DRC).

Available on Android and iOS, the platform allows users to send funds directly to mobile wallets and bank accounts. The two companies said transfers are completed within minutes through Visa and Mastercard networks, using Belmoney’s regulatory licence in Belgium. Belmoney is licensed as a payment institution by the National Bank of Belgium.

The launch comes amid strong growth in remittance flows from the African diaspora. According to World Bank data, remittances to the DRC exceed $3.2 billion annually. Yet transfers to sub-Saharan Africa remain among the most expensive globally. Data from the Migration Data Portal show average transfer costs still stand at nearly 8%, well above the 3% target set by the United Nations under its Sustainable Development Goals.

Fintech companies are increasingly relying on digital infrastructure and mobile wallets to reduce transfer fees and speed up cross-border payments. In Central Africa, where banking penetration remains relatively low, mobile money services are expanding rapidly and are gradually becoming a preferred channel for diaspora remittances. DigiPay said it has processed more than 4.2 million transactions across its various payment solutions since 2020.

For Belmoney, the partnership reflects the growing adoption of the Remittance-as-a-Service (RaaS) model, which allows fintechs and local operators to launch international transfer services using existing regulatory licences and payment infrastructure. The two companies said they plan to gradually expand the transfer corridor to other European countries to strengthen their presence in the Africa-bound remittance market.

Samira Njoya