Liberia launched a new mobile transfer service called Kanacash to ease transaction difficulties.
By: Emmanuel Wise Jipoh
Monrovia, Liberia, November 11, 2024 – A Liberian-owned mobile transfer business, Kanacash, rebrands here with a new feature aimed at reducing difficulties in daily financial transactions and easing money transfers from person to person, including commodities across the world.
Global Chief Executive Officer Spencer Biah says Kanacash has a new remittance feature that has included Liberia to provide quality service to the public.
According to him, the vision came about in 2021 amid anger and difficulties he faced while sending money to his mother in Liberia. He is now here to address those needs while expanding globally.
“Kanacash, as you see it, was born out of anger; I was sending money to my mom, and the sending was difficult, so I decided to establish Kanacash from the word palm kana – seeds from palm nut and fruit of a palm tree,” he explains.
Mr. Biah continues, “We wanted Liberians to learn how to move money around; besides, we are here to solve the financial problems that are causing the country trouble.”
He says the new remittance feature will make smooth cross-border money transfers much easier, with reasonable service charges that will be affordable to customers in 95 countries and beyond.
He says the Kanacash App is a guaranteed and safe way to keep and travel with money worldwide while carrying out financial transactions without any stress.
Business officer Josiah Prince Toe discloses that Kanacash has expanded with its new feature to 95 other countries and is currently exploring the United States corridors.
He names the countries that transacted with Liberia as Ethiopia, Morocco, South Africa, the United Kingdom, Norway, Sweden, Pakistan, Senegal, Togo, Turkey, Ghana, Rwanda, the Philippines, and Singapore, among others.
Toe adds that the new feature expands financial services, allowing customers to download the app, save money, and quickly access it without any confrontation.
Country Manager Madam Passion Dayocollins describes Kanacash as satisfied with business transactions.
She notes that mobile application innovation provides a medium for mobile money transactions in the simplest form from Liberia to Western countries.
Liberia has several other money transfer services, such as Western Union, MoneyGram, etc., but the coming of Kanacash will change the dynamics of electronic money transfer and other services. Editing by Jonathan Browne
